7 CFR 1956.118
§ 1956.118 Approval authority.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1956.118, § 1956.118 Approval authority, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/29294
- Permanent ID
ys:prov:29294@1- SHA-256
b7fdc030f3bb2977665be96267dd9e279874a88e9c0c00fbbff3c7b36361539b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
District Directors cannot approve debt settlement actions. Therefore, they will make no statements to a debtor concerning the action that may be taken upon a debtor's application. Subject to this subpart, the compromise, adjustment, cancellation, or chargeoff of debts will be approved or rejected:
(a) By the State Director when the outstanding balance of the indebtedness involved in the settlement is less then $50,000, including principal, interest, and other charges.
(b) By the Administrator or his designee when the outstanding balance of the indebtedness involved in the settlement is $50,000 or more, including principal, interest, and other charges.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.