Code of Federal Regulations · Section
§ 313.27 — Refunds
12 C.F.R. § 313.27
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Amounts recovered by administrative offset but later found not to be owed to the Government shall be promptly refunded. Unless required by law or contract, such refunds shall not bear interest.
Authorizing Statute
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Termination of status as insured depository institution12 U.S.C. § 1818
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Installment deduction for indebtedness to the United States5 U.S.C. § 5514
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Definitions and application31 U.S.C. § 3701