§143.5. Collection by compromise.

17 C.F.R. § 143.5

The Commission may settle claims not exceeding $100,000 (excluding interest) by compromise at less than the principal amount of the claim if—

(a)

The debtor shows an inability to pay the full amount within a reasonable period of time;

(b)

The Government would be unable to enforce collection in full through litigation or administrative means within a reasonable period of time;

(c)

The cost of collecting the claim in full is not justified by the amount of the claim; or

(d)

The Commission's enforcement policy would be served by settlement of the claim for less than the full amount.

Notes, amendments, and revision history

[50 FR 5384, Feb. 8, 1985, as amended at 57 FR 61292, Dec. 24, 1992]

Authority: 7 U.S.C. 9, 9a, 12a(5), 13a, 13a-1(d), 13(a), 13b; 31 U.S.C. 3701-3720E; 28 U.S.C. 2461 note.

Source: 50 FR 5384, Feb. 8, 1985, unless otherwise noted.

[50 FR 5384, Feb. 8, 1985, as amended at 57 FR 61292, Dec. 24, 1992]