---
kind: "section"
citation: "12 C.F.R. § 1408.15"
title: "12"
number: "1408.15"
heading: "Credit report."
url: "https://uscodex.org/cfr/12/1408.15"
---

# §1408.15. Credit report.


In order to aid the Corporation in making appropriate determinations regarding the collection and compromise of claims; the collection of charges for interest, administrative costs, and penalties; the use of administrative offset; the use of other collection methods; and the likelihood of collecting the claim, the Corporation may institute, consistent with the provisions of the Fair Credit Reporting Act ([15 U.S.C. 1681](/usc/15/1681.md), et seq.), a credit investigation of the debtor immediately following a determination that the claim exists.


## Notes

### Authority

Authority: Sec. 5.58 of the Farm Credit Act (12 U.S.C. 2277a-7); 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 4 CFR parts 101-105; 5 CFR part 550.

### Source

Source: 59 FR 24899, May 13, 1994, unless otherwise noted.