---
kind: "section"
citation: "12 C.F.R. § 797.22"
title: "12"
number: "797.22"
heading: "Voluntary repayment agreement."
url: "https://uscodex.org/cfr/12/797.22"
---

# §797.22. Voluntary repayment agreement.

- (a) In response to the Notice, an employee may propose to repay the debt voluntarily in lieu of salary offset by submitting a written proposed repayment schedule to NCUA. Any proposal under this section must be received by NCUA within 15 calendar days after receipt of the Notice.
- (b) In response to a timely proposal by the employee, NCUA shall notify the employee whether the employee's proposed repayment schedule is acceptable. NCUA has the discretion to accept, reject, or propose to the employee a modification of the proposed repayment schedule.
  - (1) If NCUA decides that the proposed repayment schedule is unacceptable, the employee shall have 15 calendar days from the date of the decision in which to file a request for a hearing.
  - (2) If NCUA decides that the proposed repayment schedule is acceptable or the employee agrees to a modification proposed by NCUA, an agreement shall be put in writing and signed by both the employee and NCUA.

## Notes

### Authority

Authority: 12 U.S.C. 1752a; 5 U.S.C. 5514; 31 U.S.C. 3711, 3716, 3720A, 3720D.

### Source

Source: 73 FR 11341, Mar. 3, 2008, unless otherwise noted.