12 CFR 313.161
§ 313.161 Certification of debt.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 313.161, § 313.161 Certification of debt, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46365
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Full text
Prior to referring a delinquent debt to the Secretary of the Treasury, the Director must have complied with the requirements of 5 U.S.C. 5514, and 5 CFR part 550, subpart K, governing salary offset, and the FDIC regulations. The Director shall certify, in a form acceptable to the Secretary, that:
(a) The debt is past due and legally enforceable; and
(b) The FDIC has complied with all due process requirements under 31 U.S.C. 3716 and the FDIC's administrative offset regulations.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.