31 CFR 5.8
§ 5.8 When will Treasury entities suspend or terminate debt collection on a Treasury debt?
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 5.8, § 5.8 When will Treasury entities suspend or terminate debt collection on a Treasury debt?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/138291
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Full text
If, after pursuing all appropriate means of collection, a Treasury entity determines that a Treasury debt is uncollectible, the Treasury entity may suspend or terminate debt collection activity in accordance with the provisions of 31 CFR part 903 and the Treasury entity's policies and procedures. Legal counsel approval to terminate debt collection activity 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.