§797.5. Authority and scope.
12 C.F.R. § 797.5
NCUA may collect a debt owed to the federal government from a person, organization, or other entity by administrative offset, pursuant to 31 U.S.C. 3716, where:
The debt is certain in amount;
Administrative offset is feasible, desirable, and not otherwise prohibited;
The applicable statute of limitations has not expired; and
Administrative offset is in the best interest of the federal government.
Notes, amendments, and revision history
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.