Code of Federal Regulations · Section
§ 1208.31 — Refunds
12 C.F.R. § 1208.31
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(a) Where FHFA is the creditor agency, FHFA shall promptly refund any amount deducted under the authority of 5 U.S.C. 5514 when:
(1) FHFA receives notice that the debt has been waived or otherwise found not to be owing to the Federal Government; or
(2) An administrative or judicial order directs FHFA to make a refund.
(b) Unless required 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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Regulations and orders12 U.S.C. § 4526
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Authority to make credits or refunds26 U.S.C. § 6402