{"data":{"id":"us/7-cfr-1956.118","jurisdiction":"us","citation":"7 CFR 1956.118","heading":"Approval authority.","body":"District Directors cannot approve debt settlement actions. Therefore, they will make no statements to a debtor concerning the action that may be taken upon a debtor's application. Subject to this subpart, the compromise, adjustment, cancellation, or chargeoff of debts will be approved or rejected:\n(a) By the State Director when the outstanding balance of the indebtedness involved in the settlement is less then $50,000, including principal, interest, and other charges.\n(b) By the Administrator or his designee when the outstanding balance of the indebtedness involved in the settlement is $50,000 or more, including principal, interest, and other charges.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XVIII—RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE","SUBCHAPTER H—PROGRAM REGULATIONS","PART 1956—DEBT SETTLEMENT","Subpart C—Debt Settlement—Community and Business Programs"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"638bfda5ba65b87216121ea400db7cbf3bef4a2352234ddb2557d5791c02889e","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-1956.113-1956.117","next":"us/7-cfr-1956.119-1956.123"},"notice":"GroundRules: Original legal text. Not legal advice."}