12 CFR 608.824
§ 608.824 Waiver of procedural requirements.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 608.824, § 608.824 Waiver of procedural requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47562
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Full text
(a) The FCA may impose offset against a payment to be made to a debtor prior to the completion of the procedures required by this part, if:
(1) Failure to impose the offset would substantially prejudice the Government's ability to collect the debt; and
(2) The timing of the payment against which the offset will be imposed does not reasonably permit the completion of those procedures.
(b) The procedures required by this part shall be complied with promptly after the offset is imposed. Amounts recovered by offset, which are later found not to be owed to the Government, shall be promptly refunded to the debtor.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.