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

---
identifier: "/us/cfr/t31/s357.15"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 357.15 - How can a debtor's interest in a Security Entitlement be reached by creditors?"
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "357.15"
section_name: "How can a debtor's interest in a Security Entitlement be reached by creditors?"
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "357"
part_name: "REGULATIONS GOVERNING BOOK-ENTRY TREASURY BONDS, NOTES AND BILLS HELD IN TREASURY/RESERVE AUTOMATED DEBT ENTRY SYSTEM (TRADES) AND LEGACY TREASURY DIRECT"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "31 U.S.C. chapter 31; 5 U.S.C. 301; 12 U.S.C. 391."
regulatory_source: "51 FR 18265, May 16, 1986, unless otherwise noted."
cfr_part: "357"
---


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

(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.