12 CFR § 313.161 Procedures for Collection of Corporate Debt, Criminal Restitution Debt, and Civil Money Penalty Debt

§ 313.161 Certification of debt.

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

Prior to referring a delinquent debt to the Secretary of the Treasury, the Director must have complied with the requirements of 5 U.S.C. 5514, and 5 CFR part 550, subpart K, governing salary offset, and the FDIC regulations. The Director shall certify, in a form acceptable to the Secretary, that:

(a) The debt is past due and legally enforceable; and

(b) The FDIC has complied with all due process requirements under 31 U.S.C. 3716 and the FDIC's administrative offset regulations.

← § 313.160 Treasury notification.§ 313.162 Compliance with 31 CFR part 285. →