12 CFR 313.142
§ 313.142 Request for administrative offset.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 313.142, § 313.142 Request for administrative offset, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46361
- Permanent ID
ys:prov:46361@1- SHA-256
fb182dd62ead533711f86024d78e98635193be35abf7b0c14d5bb3a3238623c7
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
The Director shall request administrative offset under § 313.140, as soon as practical after completion of the applicable procedures in order to help ensure that offset be initiated prior to expiration of the applicable statute of limitations. At such time as the debtor makes a claim for payments from the Fund, if at least a year has elapsed since the offset request was originally made, the debtor shall be permitted to offer a satisfactory repayment plan in lieu of offset upon establishing that changed financial circumstances would render the offset unjust.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.