31 CFR 5.7
§ 5.7 When will Treasury entities compromise a Treasury debt?
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 5.7, § 5.7 When will Treasury entities compromise a Treasury debt?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/138290
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Full text
If a Treasury entity cannot collect the full amount of a Treasury debt, the Treasury entity may compromise the debt in accordance with the provisions of 31 CFR part 902 and the Treasury entity's policies and procedures. Legal counsel approval to compromise a Treasury debt is required as described in Treasury Directive 34-02 (Credit Management and Debt Collection), which may be found at http://www.treas.gov/regs.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.