---
kind: "section"
citation: "7 C.F.R. § 1956.118"
title: "7"
number: "1956.118"
heading: "Approval authority."
url: "https://uscodex.org/cfr/7/1956.118"
---

# §1956.118. Approval authority.


District Directors cannot approve debt settlement actions. Therefore, they will make no statements to a debtor concerning the action that may be taken upon a debtor's application. Subject to this subpart, the compromise, adjustment, cancellation, or chargeoff of debts will be approved or rejected:

- (a) By the State Director when the outstanding balance of the indebtedness involved in the settlement is less then $50,000, including principal, interest, and other charges.
- (b) By the Administrator or his designee when the outstanding balance of the indebtedness involved in the settlement is $50,000 or more, including principal, interest, and other charges.

## Notes

### Source

Source: 53 FR 13100, Apr. 21, 1988, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 301; and 7 U.S.C. 1989.

### Source

Source: 51 FR 45434, Dec. 18, 1986, unless otherwise noted.