yourstate.us
12 CFR 1073.210

§ 1073.210 Request for offset from other Federal agencies.

United States · 12 CFR — Banks and Banking · Status: effective

Get this as JSONEmbed this
Cite this
Citation
12 CFR 1073.210, § 1073.210 Request for offset from other Federal agencies, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/49863
Permanent ID
ys:prov:49863@1
SHA-256
4ea9ce41e352cd9271801d98bb2591d66094f5c9c165e9debc9a3d227c2ec11e

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

Any Federal agency may request that funds due and payable to its debtor by the Bureau be administratively offset by the Bureau in order to collect a debt owed to such agency by the debtor. The Director shall initiate the requested offset only upon: (a) Receipt of written certification from the creditor agency stating: (1) That the debtor owes the debt; (2) The amount and basis of the debt; and (3) That the creditor agency has fully complied with its own administrative offset regulations and with the applicable provisions of 31 U.S.C. 3716; and (b) A determination that collection by offset against funds payable by the Bureau would be in the best interest of the United States and that such offset would not be contrary to law.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.