GroundRules
12 CFR 797.24: Certification where NCUA is the paying agency.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION
- SUBCHAPTER B—REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION
- PART 797—PROCEDURES FOR DEBT COLLECTION
- Subpart C—Salary Offset
(a) Upon issuance of a proper certification by NCUA or upon receipt of a proper certification from another creditor agency, NCUA shall send the employee a written notice of salary offset.
(b) Such written notice of salary offset shall advise the employee of the:
(1) Certification that has been issued by NCUA or received from another creditor agency;
(2) Amount of the debt and of the deductions to be made; and
(3) Date and pay period when the salary offset will begin.
(c) If NCUA is not the creditor agency, NCUA shall provide a copy of the notice to the creditor agency and advise the creditor agency of the dollar amount to be offset and the pay period when the offset will begin.
Collected 2026-08-27T02:24:16Z. Source file · JSON