§2506.34. Under what conditions will the Corporation make a refund of amounts collected by salary offset?

45 C.F.R. § 2506.34

(a)

If the Corporation is the creditor agency, it will promptly refund any amount deducted under the authority of 5 U.S.C. 5514, when:

(1)

The debt is waived or all or part of the funds deducted are otherwise found not to be owed (unless expressly prohibited by statute or regulation); or

(2)

An administrative or judicial order directs the Corporation to make a refund.

(b)

Unless required or permitted by law or contract, refunds under this section will not bear interest.

Notes, amendments, and revision history

Authority: 5 U.S.C. 5514; 31 U.S.C. 3701-3720A, 3720D; 44 U.S.C. 2104(a).

Source: 68 FR 16438, Apr. 4, 2003, unless otherwise noted.