---
kind: "section"
citation: "24 C.F.R. § 350.11"
title: "24"
number: "350.11"
heading: "Notice of Attachment for Ginnie Mae Securities in Book-entry System."
url: "https://uscodex.org/cfr/24/350.11"
---

# §350.11. Notice of Attachment for Ginnie Mae Securities in Book-entry System.


The interest of a debtor in a Security Entitlement may be reached by a creditor only by legal process upon the Securities Intermediary with whom the debtor's securities account is maintained, except where a Security Entitlement is maintained in the name of a secured party, in which case the debtor's interest may be reached by legal process upon the secured party. These regulations do not purport to establish whether a Federal Reserve Bank as Depository is required to honor an order or other notice of attachment in any particular case or class of cases.


## Notes

### Authority

Authority: 12 U.S.C. 1721(g) and 1723a(a); 42 U.S.C. 3535(d).

### Source

Source: 66 FR 44266, Aug. 22, 2001, unless otherwise noted.