---
kind: "section"
citation: "12 C.F.R. § 313.51"
title: "12"
number: "313.51"
heading: "Refunds."
url: "https://uscodex.org/cfr/12/313.51"
---

# §313.51. Refunds.

- (a) Where the FDIC is the creditor agency, it shall promptly refund any amount deducted under the authority of [5 U.S.C. 5514](/usc/5/5514.md) when the debt is compromised or otherwise found not to be owing to the United States, or when an administrative or judicial order directs the FDIC to make a refund.
- (b) Unless required by law or contract, such refunds shall not bear interest.

## Notes

### Authority

Authority: 5 U.S.C. 5514; 12 U.S.C. 1818(i), 1819(a); Pub. L. 104-134, 110 Stat. 1321 (31 U.S.C. 3701, 3711, 3716).

### Source

Source: 67 FR 48527, July 25, 2002, unless otherwise noted.