GroundRules
12 CFR 608.824: Waiver of procedural requirements.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER VI—FARM CREDIT ADMINISTRATION
- SUBCHAPTER A—ADMINISTRATIVE PROVISIONS
- PART 608—COLLECTION OF CLAIMS OWED THE UNITED STATES
- Subpart B—Administrative Offset
(a) The FCA may impose offset against a payment to be made to a debtor prior to the completion of the procedures required by this part, if:
(1) Failure to impose the offset would substantially prejudice the Government's ability to collect the debt; and
(2) The timing of the payment against which the offset will be imposed does not reasonably permit the completion of those procedures.
(b) The procedures required by this part shall be complied with promptly after the offset is imposed. Amounts recovered by offset, which are later found not to be owed to the Government, shall be promptly refunded to the debtor.
Collected 2026-08-27T02:24:16Z. Source file · JSON