§408.901. What is an underpayment?
20 C.F.R. § 408.901
An underpayment can occur only with respect to a period for which you filed an application for benefits and met all conditions of eligibility for benefits.
An underpayment is—
Nonpayment, where payment was due but was not made; or
Payment of less than the amount due for a period.
For purposes of this section, payment has been made when certified by the Social Security Administration to the Department of the Treasury. Payment is not considered to have been made where payment has not been received by the designated payee, or where payment was returned.
Notes, amendments, and revision history
Authority
Authority: Secs. 702(a)(5), 808, and 1147 of the Social Security Act (42 U.S.C. 902(a)(5), 1008, and 1320b-17); 31 U.S.C. 3716; 31 U.S.C. 3720A.
Source
Source: 69 FR 25955, May 10, 2004, unless otherwise noted.
Source
Source: 68 FR 16418, Apr. 4, 2003, unless otherwise noted.