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State of California Franchise Tax Board

Vehicle Registration Collections - Glossary


Wage Levy:

An earnings withholding order to withhold part of the debtor's wages to satisfy a debt. (A wage levy is also referred to as a wage garnishment or a wage assignment.)

Bank Levy:

An order to withhold funds from the debtor's checking or savings account at a bank, savings and loan, thrift institution, or credit union to satisfy a debt.