12 CFR 797.14
§ 797.14 Requests for administrative offset from other federal agencies where NCUA is the paying agency.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 797.14, § 797.14 Requests for administrative offset from other federal agencies where NCUA is the paying agency, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/49139
- Permanent ID
ys:prov:49139@1- SHA-256
5d0a0e20692da3821d3886f802ebe75afac011bb4b6f2989610d38f0a7ecae28
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
(a) Any agency may request that funds due and payable to a debtor by NCUA be administratively offset in order to collect a debt owed to such agency by the debtor.
(b) NCUA shall initiate the requested administrative offset only upon receipt of a written certification from the creditor agency that:
(1) The debtor owes the debt, including the amount and basis of the debt;
(2) The agency has prescribed regulations for the exercise of administrative offset; and
(3) The agency has complied with its own administrative offset regulations and with the applicable provisions of the FCCS, with respect to providing the debtor with due process.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.