Code of Federal Regulations · Section
§ 1306.24 — Refunds
22 C.F.R. § 1306.24
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(a) MCC will refund promptly to the appropriate individual amounts offset under this part when:
(1) A debt is waived or otherwise found not owing the United States (unless expressly prohibited by statute or regulation); or
(2) MCC is directed by an administrative or judicial order to make a refund.
(b) Refunds do not bear interest unless required or permitted by law or contract.
Authorizing Statute
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Installment deduction for indebtedness to the United States5 U.S.C. § 5514