12 CFR § 313.100 Procedures for Collection of Corporate Debt, Criminal Restitution Debt, and Civil Money Penalty Debt

§ 313.100 Refunds.

Current through Oct 1, 2026 · Read all of Part 313

(a) If a hearing official determines that a debt is not legally due and owing to the United States, the FDIC shall promptly refund any amount collected by means of administrative wage garnishment.

(b) Unless required by federal law or contract, refunds under this section shall not bear interest.

← § 313.99 Prohibited actions by employer.§ 313.101 Right of action. →