§1208.31. Refunds.
12 C.F.R. § 1208.31
Where FHFA is the creditor agency, FHFA shall promptly refund any amount deducted under the authority of 5 U.S.C. 5514 when:
FHFA receives notice that the debt has been waived or otherwise found not to be owing to the Federal Government; or
An administrative or judicial order directs FHFA to make a refund.
Unless required by law or contract, refunds under this section shall not bear interest.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 5514; 12 U.S.C. 4526; 26 U.S.C. 6402(d); 31 U.S.C. 3701-3720D; 31 CFR 285.2; 31 CFR Chapter IX.