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

22 CFR 1306.22: Discharge.

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Where this section sits in the code
  1. Title 22—Foreign Relations
  2. CHAPTER XIII—MILLENNIUM CHALLENGE CORPORATION
  3. PART 1306—DEBT COLLECTION
  4. Subpart A—General Provisions

Once a debt has been closed out for accounting purposes and collection has been terminated, the debt is discharged. MCC must report discharged debt as income to the debtor to the Internal Revenue Service per 26 U.S.C. 6050P and 26 CFR 1.6050P-1.

Collected 2026-08-27T02:24:49Z. Source file · JSON

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