12 CFR § 313.142 Procedures for Collection of Corporate Debt, Criminal Restitution Debt, and Civil Money Penalty Debt

§ 313.142 Request for administrative offset.

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

The Director shall request administrative offset under § 313.140, as soon as practical after completion of the applicable procedures in order to help ensure that offset be initiated prior to expiration of the applicable statute of limitations. At such time as the debtor makes a claim for payments from the Fund, if at least a year has elapsed since the offset request was originally made, the debtor shall be permitted to offer a satisfactory repayment plan in lieu of offset upon establishing that changed financial circumstances would render the offset unjust.

← § 313.141 Notification to OPM.§ 313.143 Cancellation of deduction. →