31 CFR 902.7
§ 902.7 Mutual releases of the debtor and the Government.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 902.7, § 902.7 Mutual releases of the debtor and the Government, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/144265
- Permanent ID
ys:prov:144265@1- SHA-256
9721ae2accbaa8a790a9e6dc1249874dd4e64b11a24563d732798e368fa89f75
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Full text
In all appropriate instances, a compromise that is accepted by an agency should be implemented by means of a mutual release, in which the debtor is released from further non-tax liability on the compromised debt in consideration of payment in full of the compromise amount and the Government and its officials, past and present, are released and discharged from any and all claims and causes of action arising from the same transaction that the debtor may have. In the event a mutual release is not executed when a debt is compromised, unless prohibited by law, the debtor is still deemed to have waived any and all claims and causes of action against the Government and its officials related to the transaction giving rise to the compromised debt.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.