Code of Federal Regulations · Section
§ 313.161 — Certification Of Debt
12 C.F.R. § 313.161
View:
Prior to referring a delinquent debt to the Secretary of the Treasury, the Director must have complied with the requirements of 5 U.S.C. 5514, and 5 CFR part 550, subpart K, governing salary offset, and the FDIC regulations. The Director shall certify, in a form acceptable to the Secretary, that:
(a) The debt is past due and legally enforceable; and
(b) The FDIC has complied with all due process requirements under 31 U.S.C. 3716 and the FDIC's administrative offset regulations.
Authorizing Statute
-
Installment deduction for indebtedness to the United States5 U.S.C. § 5514
-
Administrative offset31 U.S.C. § 3716
-
Termination of status as insured depository institution12 U.S.C. § 1818
-
Definitions and application31 U.S.C. § 3701