Code of Federal Regulations · Section
§ 5.6 — When Will Treasury Entities Allow A Debtor To Pay A Treasury Debt In Installments Instead Of One Lump Sum?
31 C.F.R. § 5.6
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If a debtor is financially unable to pay the debt in one lump sum, a Treasury entity may accept payment of a Treasury debt in regular installments, in accordance with the provisions of 31 CFR 901.8 and the Treasury entity's policies and procedures.
Authorizing Statute
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Installment deduction for indebtedness to the United States5 U.S.C. § 5514
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General authority of the Secretary31 U.S.C. § 321
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Authority to make credits or refunds26 U.S.C. § 6402