legal · go-v.org

Payments.

CFR · 2024-01-01 · US · Title 10

(a) (b) (1) Installment note forms may be used. The written installment agreement must contain a provision accelerating the debt payment in the event the debtor defaults. If the debtor's financial statement discloses the ownership of assets which are free and clear of liens or security interests, or assets in which the debtor owns an equity, the debtor may be asked to secure the payment of an installment note by executing a Security Agreement and Financing Statement transferring to the United States a security interest in the asset until the debt is discharged. (2) If the debtor owes more than one debt, the NRC will apply the payment to the various debts in accordance with the best interests of the United States, as determined by the facts and circumstances of the particular case. (c) (1) Made pursuant to arrangements with DOJ; (2) Ordered by a Court of the United States; or (3) Otherwise directed in any other part of this chapter.

official document · source cfr-2024 · id 10:§ 15.35