31 CFR 29.523
§ 29.523 Equity and good conscience.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 29.523, § 29.523 Equity and good conscience, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/138998
- Permanent ID
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Full text
Recovery is against equity and good conscience when there is substantial evidence that—
(a) It would cause financial hardship to the person from whom it is sought no matter what the amount and length of the proposed installment;
(b) The recipient of the overpayment can show (regardless of his or her financial circumstances) that due to the notice that such payment would be made or because of the incorrect payment he or she either has relinquished a valuable right or has changed positions for the worse; or
(c) Recovery would be unconscionable under the circumstances.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.