12 CFR § 608.824

12 CFR · Banks and Banking

§ 608.824 — Waiver of procedural requirements.

12 CFR § 608.824

TitleTitle 12: Banks and Banking PartPart 608: Collection of Claims Owed the United States

SourceeCFR (current through Apr 10, 2026)

This text of 12 C.F.R. § 608.824 (Waiver of procedural requirements.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 C.F.R. § 608.824 (2026).

Text

§ 608.824 Waiver of procedural requirements.

(a)The FCA may impose offset against a payment to be made to a debtor prior to the completion of the procedures required by this part, if:

(1)Failure to impose the offset would substantially prejudice the Government's ability to collect the debt; and

(2)The timing of the payment against which the offset will be imposed does not reasonably permit the completion of those procedures.

(b)The procedures required by this part shall be complied with promptly after the offset is imposed. Amounts recovered by offset, which are later found not to be owed to the Government, shall be promptly refunded to the debtor.

Free access — add to your briefcase to read the full text and ask questions with AI

§ 608.824 Waiver of procedural requirements.

(a) The FCA may impose offset against a payment to be made to a debtor prior to the completion of the procedures required by this part, if:

(1) Failure to impose the offset would substantially prejudice the Government's ability to collect the debt; and

(2) The timing of the payment against which the offset will be imposed does not reasonably permit the completion of those procedures.

(b) The procedures required by this part shall be complied with promptly after the offset is imposed. Amounts recovered by offset, which are later found not to be owed to the Government, shall be promptly refunded to the debtor.