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Code · CFR · Title 12 — Banks and Banking · Part 1208 — Debt Collection · § 1208.27

§ 1208.27. Notice of salary offset where FHFA is the paying agency.

135 words·~1 min read·/us/cfr/t12/s§ 1208.27·

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(a)Notice. Upon issuance of a proper certification by FHFA (for debts owed to FHFA) or upon receipt of a proper certification from another creditor agency, FHFA shall send the employee a written notice of salary offset.
(b)Content of notice. Such written notice of salary offset shall advise the employee of the:
(1)Certification that has been issued by FHFA or received from another creditor agency;
(2)Amount of the debt and of the deductions to be made; and
(3)Date and pay period when the salary offset will begin.
(c)If FHFA is not the creditor agency, FHFA shall provide a copy of the notice of salary offset to the creditor agency and advise the creditor agency of the dollar amount to be offset and the pay period when the offset will begin.
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