Code of Federal Regulations · Section
§ 313.100 — Refunds
12 C.F.R. § 313.100
View:
(a) If a hearing official determines that a debt is not legally due and owing to the United States, the FDIC shall promptly refund any amount collected by means of administrative wage garnishment.
(b) Unless required by federal law or contract, refunds under this section shall not bear interest.
Authorizing Statute
-
Termination of status as insured depository institution12 U.S.C. § 1818
-
Installment deduction for indebtedness to the United States5 U.S.C. § 5514
-
Definitions and application31 U.S.C. § 3701