---
kind: "section"
citation: "31 C.F.R. § 212.11"
title: "31"
number: "212.11"
heading: "Compliance and record retention."
url: "https://uscodex.org/cfr/31/212.11"
---

# §212.11. Compliance and record retention.

- (a) **Enforcement.** Federal banking agencies will enforce compliance with this part.
- (b) **Record retention.** A financial institution shall maintain records of account activity and actions taken in response to a garnishment order, sufficient to demonstrate compliance with this part, for a period of not less than two years from the date on which the financial institution receives the garnishment order.

## Notes

### Authority

Authority: 5 U.S.C. 8346; 5 U.S.C. 8470; 5 U.S.C. 1103; 31 U.S.C. 321; 31 U.S.C. 3321; 31 U.S.C. 3332; 38 U.S.C. 5301(a); 38 U.S.C. 501(a); 42 U.S.C. 405(a); 42 U.S.C. 407; 42 U.S.C. 659; 42 U.S.C. 1383(d)(1); 45 U.S.C. 231f(b); 45 U.S.C. 231m; 45 U.S.C. 352(e); 45 U.S.C. 362(1).

### Source

Source: 76 FR 9955, Feb. 23, 2011, unless otherwise noted.