§ 1208.31. Refunds.
71 words·~1 min read·
/us/cfr/t12/s§ 1208.31·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Where FHFA is the creditor agency, FHFA shall promptly refund any amount deducted under the authority of 5 U.S.C. 5514 when:
(1)FHFA receives notice that the debt has been waived or otherwise found not to be owing to the Federal Government; or
(2)An administrative or judicial order directs FHFA to make a refund.
(b)Unless required by law or contract, refunds under this section shall not bear interest.
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