29 CFR 100.624

§ 100.624 Discharge of indebtedness; reporting requirements.

United States · 29 CFR — Labor · Status: effective

Cite this

Citation: 29 CFR 100.624, § 100.624 Discharge of indebtedness; reporting requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/124409
Permanent ID: ys:prov:124409@1
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Full text

(a) Before discharging a delinquent debt (also referred to as close-out of a debt), the NLRB shall take all appropriate steps to collect the debt in accordance with 31 U.S.C. 3711(g), including, as applicable, administrative offset, tax refund offset, Federal salary offset, referral to Treasury or Treasury-designated collection centers or private collection contractors, credit bureau reporting, wage garnishment, litigation, and foreclosure. Discharge of indebtedness is distinct from termination or suspension of collection activity and is governed by the Internal Revenue Code. When the NLRB determines that it will discharge a debt, it will do so in accordance with the provisions of 31 CFR 903.5. (b) [Reserved]

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.