GroundRules
12 CFR 313.21: Definitions.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION
- SUBCHAPTER A—PROCEDURE AND RULES OF PRACTICE
- PART 313—PROCEDURES FOR COLLECTION OF CORPORATE DEBT, CRIMINAL RESTITUTION DEBT, AND CIVIL MONEY PENALTY DEBT
- Subpart B—Administrative Offset
(a) Administrative offset means withholding funds payable by the United States to, or held by the United States for, a person to satisfy a debt.
(b) Person includes a natural person or persons, profit or nonprofit corporation, partnership, association, trust, estate, consortium, or other entity which is capable of owing a debt to the United States Government except that agencies of the United States, or any state or local government shall be excluded.
Collected 2026-08-27T02:24:16Z. Source file · JSON