Code of Federal Regulations · Section
§ 608.840 — Refunds
12 C.F.R. § 608.840
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(a) In instances where the FCA is the creditor agency, it shall promptly refund any amounts deducted under the authority of 5 U.S.C. 5514 when:
(1) The debt is waived or otherwise found not to be owed to the United States (unless expressly prohibited by statute or regulations); or
(2) An administrative or judicial order directs the FCA to make a refund.
(b) Unless required or permitted by law or contract, refunds under this section shall not bear interest.
Authorizing Statute
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Installment deduction for indebtedness to the United States5 U.S.C. § 5514
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Powers and duties12 U.S.C. § 2252