{"data":{"id":"us/12-cfr-1408.40","jurisdiction":"us","citation":"12 CFR 1408.40","heading":"Refunds.","body":"(a) In instances where the Corporation is the creditor agency, it shall promptly refund any amounts deducted under the authority of 5 U.S.C. 5514 when:\n(1) The debt is waived or otherwise found not to be owed to the United States (unless expressly prohibited by statute or regulations); or\n(2) An administrative or judicial order directs the Corporation to make a refund.\n(b) Unless required or permitted by law or contract, refunds under this section shall not bear interest.","path":["Title 12—Banks and Banking","CHAPTER XIV—FARM CREDIT SYSTEM INSURANCE CORPORATION","PART 1408—COLLECTION OF CLAIMS OWED THE UNITED STATES","Subpart C—Offset Against Salary"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"f3cc0f5ec8ed1c29b7125e6c34b48cd2259094dd5098c5ff7bdbd267d79595a1","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1408.39","next":"us/12-cfr-1408.41"},"notice":"GroundRules: Original legal text. Not legal advice."}