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Financial Services Law Insights and Observations

Oregon governor exempts CARES Act payments from garnishment

State Issues Covid-19 Oregon Bank Compliance Consumer Finance

State Issues

On April 17, the governor of Oregon issued an executive order exempting all CARES Act stimulus payments to individuals from garnishment, subject to limited exceptions. CARES Act payments will remain exempt from garnishment when deposited into a financial institution. The exemption will remain in effect until terminated by the governor.

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