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Code · CFR · Title 22 — Foreign Relations · Part 1506 — Collection of Claims · § 1506.18

§ 1506.18. Will USADF suspend or revoke my financial assistance or other privileges if I fail to pay my debt?

138 words·~1 min read·/us/cfr/t22/s§ 1506.18·

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

Unless waived by the Head of the Agency, USADF will not extend financial assistance in the form of a grant, loan, or loan guarantee to any person delinquent on a non-tax debt owed to a Federal agency. The authority to waive the application of this section may be delegated to the Chief Financial Officer and re-delegated. USADF may also suspend or revoke other privileges for any inexcusable, prolonged or repeated failure of a debtor to pay a claim. Additionally, the Agency may suspend or disqualify any contractor, lender, broker, borrower, grantee or other debtor from doing business with USADF or engaging in programs USADF sponsors or funds if a debtor fails to pay its debts to the Government within a reasonable time.
Debtors will be notified before such action is taken and applicable debarment procedures will be used.
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