# 31 CFR § 357.15: How can a debtor's interest in a Security Entitlement be reached by creditors?

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-357.15

## Section

- **Citation:** 31 CFR § 357.15
- **Heading:** How can a debtor's interest in a Security Entitlement be reached by creditors?
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY > SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE > PART 357—REGULATIONS GOVERNING BOOK-ENTRY TREASURY BONDS, NOTES AND BILLS HELD IN TREASURY/RESERVE AUTOMATED DEBT ENTRY SYSTEM (TRADES) AND LEGACY TREASURY DIRECT > Subpart B—Treasury/Reserve Automated Debt Entry System (TRADES)

## Text

(a) The interest of a debtor may be reached by creditors only by legal process upon the Securities Intermediary with whom the debtor's securities account is maintained. Exception: If a Security Entitlement is maintained in the name of a secured party, the debtor's interest may be reached by legal process upon the secured party.
(b) These regulations do not state whether a Federal Reserve Bank is required to honor an order or other notice of attachment in any particular case or class of cases.

## Nearby sections

- [31 CFR § 357.0 § 357.0 Book-entry systems.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.0.md)
- [31 CFR § 357.1 § 357.1 Effective date.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.1.md)
- [31 CFR § 357.2 § 357.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.2.md)
- [31 CFR § 357.10 § 357.10 Laws governing a Treasury book-entry security, TRADES, and security interests or entitlements.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.10.md)
- [31 CFR § 357.11 § 357.11 Laws governing other interests in Treasury securities.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.11.md)
- [31 CFR § 357.12 § 357.12 A Participant's Security Entitlement.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.12.md)
- [31 CFR § 357.13 § 357.13 Obligations of the United States and the Federal Reserve Banks with respect to Book-entry Securities and security interests.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.13.md)
- [31 CFR § 357.14 § 357.14 What authority does a Federal Reserve Bank have?](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.14.md)
- [31 CFR § 357.15 § 357.15 How can a debtor's interest in a Security Entitlement be reached by creditors?](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.15.md)
- [31 CFR § 357.20 § 357.20 Securities account in Legacy Treasury Direct ®.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.20.md)
- [31 CFR § 357.21 § 357.21 Registration.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.21.md)
- [31 CFR § 357.22 § 357.22 Transfers.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.22.md)
- [31 CFR § 357.23 § 357.23 Judicial proceedings—sovereign immunity.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.23.md)
- [31 CFR § 357.24 § 357.24 Availability and disclosure of Legacy Treasury Direct ® records.](https://www.frixlaw.com/law-library/statutes/ecfr-31-357.24.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-357.15. Check the current official text before relying on it. Not legal advice.