Requests for offset to Federal agencies.

CFR · 2024-01-01 · US · Title 5

The Executive Director may request that funds due and payable to a debtor by another Federal agency be paid to the Board in payment of a debt owed to the Board by that debtor. In requesting administrative offset, the Board, as creditor, will certify in writing to the Federal agency holding funds of the debtor: (a) That the debtor owes the debt; (b) The amount and basis of the debt; and (c) That the Board has complied with the requirements of 31 U.S.C. 3716, its own administrative offset regulations in this subpart, and the applicable provisions of 4 CFR part 102 with respect to providing the debtor with due process.

official document · source cfr-2024 · id 5:§ 1639.54