§1.905. Subdivision of claims not authorized.
38 C.F.R. § 1.905
Debts may not be subdivided to avoid the monetary ceiling established by 31 U.S.C. 3711(a)(2). A debtor's liability arising from a particular transaction or contract shall be considered as a single debt in determining whether the debt is one of less than $100,000 (excluding interest, penalties, and administrative costs) or such higher amount as the Attorney General shall from time to time prescribe for purposes of compromise, suspension, or termination of collection activity.
Notes, amendments, and revision history
Amendments
[69 FR 62192, Oct. 25, 2004]
Authority
Authority: Sections 1.900 through 1.953 are issued under the authority of 31 U.S.C. 3711 through 3720E; 38 U.S.C. 501, 5302, 5302A, 5314, and as noted in specific sections.
Source
Source: 32 FR 2613, Feb. 8, 1967, unless otherwise noted.
Authority
Authority: 38 U.S.C. 501, and as noted in specific sections.
Source
Source: 40 FR 33944, Aug. 12, 1975, unless otherwise noted.
Amendments
[69 FR 62192, Oct. 25, 2004]