Procedures.

CFR · 2024-01-01 · US · Title 12

(a) (2) Debts reduced to judgment may be referred at any time. (3) Debts in amounts lower than $25 are not subject to referral. (4) In the event that more than one debt is owed, the tax refund offset procedures shall be applied in the order in which the debts became past due. (5) FHFA shall notify the Department of the Treasury of any change in the amount due promptly after receipt of payment or notice of other reductions. (b) (1) The debt is past due; (2) FHFA intends to refer the debt to the Department of the Treasury for offset from tax refunds that may be due to the taxpayer; (3) FHFA intends to provide information concerning the delinquent debt exceeding $100 to a consumer reporting bureau unless such debt has already been disclosed; and (4) Before the debt is reported to a consumer reporting agency, if applicable, and referred to the Department of the Treasury for offset from tax refunds, the debtor has 65 calendar days from the date of notice to request a review under paragraph (d) of this section. (c) (d) (1) The debtor must send a written request for review to FHFA at the address provided in the notice. (2) The request must state the amount disputed and reasons why the debtor believes that the debt is not past due, is not legally enforceable, has been satisfied, or if a judgment debt, has been satisfied or stayed. (3) The request must include any documents that the debtor wishes to be considered or state that additional information will be submitted within the time p

official document · source cfr-2024 · id 12:§ 1208.52