§ 1208.40. Authority and scope.
123 words·~1 min read·
/us/cfr/t12/s§ 1208.40·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The provisions of this subpart C apply to the collection of debts owed to the Federal Government arising from transactions with FHFA. Administrative offset is authorized under the Debt Collection Improvement Act of 1996 (DCIA). This subpart C is consistent with the Federal Claims Collection Standards
(FCCS)on administrative offset issued by the Department of Justice.
(b)FHFA may collect a debt owed to the Federal Government from a person, organization, or other entity by administrative offset, pursuant to 31 U.S.C. 3716, where:
(1)The debt is certain in amount;
(2)Administrative offset is feasible, desirable, and not otherwise prohibited;
(3)The applicable statute of limitations has not expired; and
(4)Administrative offset is in the best interest of the Federal Government.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
§ 1208.40
Authority and scope.
Cites 1Cited by 0 across 0 sources