24 C.F.R. § 350.11

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

Last amended: 2016Year: 2026Length: 94 wordsOfficial source

Cite as 24 C.F.R. § 350.11 (2026)

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.
24 C.F.R. § 350.11: Notice of Attachment for Ginnie Mae Securities in Book-entry System. | Justis AI