Code · CFR · Title 12 — Banks and Banking · Part 797 — Procedures for Debt Collection · § 797.5

§ 797.5. Authority and scope.

65 words·~1 min read·/us/cfr/t12/s§ 797.5·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

NCUA 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:

(a)The debt is certain in amount;

(b)Administrative offset is feasible, desirable, and not otherwise prohibited;

(c)The applicable statute of limitations has not expired; and

(d)Administrative offset is in the best interest of the federal government.

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U.S. Code

Administrative offset
§ 3716

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§ 797.5

Authority and scope.

U.S.C.§ 3716

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