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Federal regulations · Through 2026-08-25 · Newer source version available

12 CFR 797.5: Authority and scope.

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Where this section sits in the code
  1. Title 12—Banks and Banking
  2. CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION
  3. SUBCHAPTER B—REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION
  4. PART 797—PROCEDURES FOR DEBT COLLECTION
  5. Subpart B—Administrative Offset

NCUA may collect a debt owed to the federal government from a person, organization, or other entity by administrative offset, pursuant to 31 U.S.C. 3716, where:

(a) The debt is certain in amount;

(b) Administrative offset is feasible, desirable, and not otherwise prohibited;

(c) The applicable statute of limitations has not expired; and

(d) Administrative offset is in the best interest of the federal government.

Collected 2026-08-27T02:24:16Z. Source file · JSON

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