12 CFR 797.16
§ 797.16 Stay of offset.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 797.16, § 797.16 Stay of offset, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/49141
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49511932d00ee81edb7a56266f911f56a637be8d026da8cc075fa5fc04853164
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Full text
(a) When a creditor agency receives a debtor's request for inspection of agency records, the offset is stayed for 15 calendar days beyond the date set for the record inspection.
(b) When a creditor agency receives a debtor's offer to enter into a repayment agreement, the offset is stayed until the debtor is notified as to whether the proposed agreement is acceptable.
(c) When a review is conducted, the offset is stayed until the creditor agency issues a final written decision. The written decision must be issued within 60 days after receipt of the debtor's request for review.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.