{"data":{"id":"us/45-cfr-2506.20","jurisdiction":"us","citation":"45 CFR 2506.20","heading":"What is the extent of the Chief Executive Officer's authority to compromise debts owed to the Corporation, or to suspend or terminate collection action on such debts?","body":"(a) The Chief Executive Officer may compromise, suspend, or terminate collection action on those debts owed to the Corporation that do not exceed $100,000 excluding interest, in conformity with the Federal Claims Collection Act of 1966, as amended. The Corporation will follow the policies in § 902.2 of the FCCS.\n(b) The uncollected portion of a debt owed to the Corporation that is not recovered as the result of a compromise will be reported to the Internal Revenue Service (IRS) as income to the debtor in accordance with IRS procedures if this uncollected amount is at least $600.00.","path":["Title 45—Public Welfare","Subtitle B—Regulations Relating to Public Welfare","CHAPTER XXV—CORPORATION FOR NATIONAL AND COMMUNITY SERVICE","PART 2506—COLLECTION OF DEBTS","Subpart B—General Provisions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-45.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:21Z","sha256":"1d371e91a931b7267ff152b6e902c05deada791089c8bb1a248d91377c8cf5fd","source_id":"us-cfr","stale":true,"prev":"us/45-cfr-2506.19","next":"us/45-cfr-2506.21"},"notice":"GroundRules: Original legal text. Not legal advice."}