Procedures for salary offset where FHFA is the paying agency.

CFR · 2024-01-01 · US · Title 12

(a) (b) Upon issuance of a proper certification by FHFA for debts owed to FHFA, or upon receipt of a proper certification from a creditor agency, FHFA shall send the employee a written notice of salary offset. Such notice shall advise the employee: (1) That certification has been issued by FHFA or received from another creditor agency; (2) Of the amount of the debt and of the deductions to be made; and provided for in the certification, and (3) Of the initiation of salary offset at the next officially established pay interval or as otherwise provided for in the certification. (c) Where appropriate, FHFA shall provide a copy of the notice to the creditor agency and advise such agency (d) (2) (3) (4) (e) (2) In the event that a debt owed FHFA is certified while an employee is subject to salary offset to repay another agency, FHFA may, at its discretion, determine whether the debt to FHFA should be repaid before the debt to the other agency is repaid, repaid simultaneously with the other debt, or repaid after the debt to the other agency. (3) A levy pursuant to the Internal Revenue Code of 1986 shall take precedence over other deductions under this section, as provided in 5 U.S.C. 5514(d).

official document · source cfr-2024 · id 12:§ 1208.28