12 CFR 1073.209: Request for offset to other Federal agencies.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU
- PART 1073—PROCEDURES FOR BUREAU DEBT COLLECTION
- Subpart B—Administrative Offset
The Director may request that a debt owed to the Bureau be administratively offset against funds due and payable to a debtor by another Federal agency. In requesting administrative offset, the Bureau, as the creditor agency, will provide written certification to the Federal agency holding funds payable to the debtor, stating:
(a) That the debtor owes the debt;
(b) The amount and basis of the debt; and
(c) That the Bureau has fully complied with the requirements of its own administrative offset regulations and the applicable provisions of 31 U.S.C. 3716.
Collected 2026-08-27T02:24:16Z. Source file · JSON