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15 U.S.C. § 1671 — Congressional findings and declaration of purpose
Federal law — U.S. Code and appendices · legal_authorities
**(a) Disadvantages of garnishment** The Congress finds:
(1) The unrestricted garnishment of compensation due for personal services encourages the making of predatory extensions of credit. Such extensions of credit divert money into excessive credit payments and thereby hinder the production and flow of goods in interstate commerce.
(2) The application of garnishment as a creditors’ remedy frequently results in loss of employment by the debtor, and the resulting disruption of employment, production, and consumption constitutes a substantial burden on interstate commerce.
(3) The great disparities among the laws of the several States relating to garnishment have, in effect, destroyed the uniformity of the bankruptcy laws and frustrated the purposes thereof in many areas of the country.
**(b) Necessity for regulation** On the basis of the findings stated in subsection (a) of this section, the Congress determines that the provisions of this subchapter are necessary and proper for the purpose of carrying into execution the powers of the Congress to regulate commerce and to establish uniform bankruptcy laws.
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Source file: Laws/federal/codes/united-states-code/title-15/section-1671-congressional-findings-and-declaration-of-purpose--a45f9c7e27.md
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Source location: Title 15, Chapter 41, § 1671; chapter-041-consumer-credit-protection.md
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**(a) Disadvantages of garnishment** The Congress finds:
(1) The unrestricted garnishment of compensation due for personal services encourages the making of predatory extensions of credit. Such extensions of credit divert money into excessive credit payments and thereby hinder the production and flow of goods in interstate commerce.
(2) The application of garnishment as a creditors’ remedy frequently results in loss of employment by the debtor, and the resulting disruption of employment, production, and consumption constitutes a substantial burden on interstate commerce.
(3) The great disparities among the laws of the several States relating to garnishment have, in effect, destroyed the uniformity of the bankruptcy laws and frustrated the purposes thereof in many areas of the country.
**(b) Necessity for regulation** On the basis of the findings stated in subsection (a) of this section, the Congress determines that the provisions of this subchapter are necessary and proper for the purpose of carrying into execution the powers of the Congress to regulate commerce and to establish uniform bankruptcy laws.
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Federal law — U.S. Code and appendices · legal_authorities
Page 1550
TITLE 15—COMMERCE AND TRADE
§ 1671
sonal property for personal, family, or household pur-
poses so as to—
‘‘(i) enable the lessee to compare more readily the
various lease terms available to the lessee;
‘‘(ii) enable comparison of lease terms with credit
terms, as appropriate; and
‘‘(iii) assure meaningful and accurate disclosures
of lease terms in advertisements.’’
SUBCHAPTER II—RESTRICTIONS ON
GARNISHMENT
§ 1671. Congressional findings and declaration of
purpose
(a) Disadvantages of garnishment
The Congress finds:
(1) The unrestricted garnishment of com-
pensation due for personal services encourages
the making of predatory extensions of credit.
Such extensions of credit divert money into
excessive credit payments and thereby hinder
the production and flow of goods in interstate
commerce.
(2) The application of garnishment as a
creditors’ remedy frequently results in loss of
employment by the debtor, and the resulting
disruption of employment, production, and
consumption constitutes a substantial burden
on interstate commerce.
(3) The great disparities among the laws of
the several States relating to garnishment
have, in effect, destroyed the uniformity of
the bankruptcy laws and frustrated the pur-
poses thereof in many areas of the country.
(b) Necessity for regulation
On the basis of the findings stated in sub-
section (a) of this section, the Congress deter-
mines that the provisions of this subchapter are
necessary and proper for the purpose of carrying
into execution the powers of the Congress to
regulate commerce and to establish uniform
bankruptcy laws.
(Pub. L. 90–321, title III, § 301, May 29, 1968, 82
Stat. 163.)
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Pub. L. 90–321, title V, § 504(c), May 29, 1
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 1671
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