Code of Federal Regulations · Section
§ 1639.29 — Refunds
5 C.F.R. § 1639.29
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(a) If the Board is the creditor agency, it will promptly refund any amount deducted under the authority of 5 U.S.C. 5514, when:
(1) The debt is waived or all or part of the funds deducted are otherwise found not to be owed; or
(2) An administrative or judicial order directs the Board to make a refund.
(b) Unless required or permitted by law or contract, refunds under this section will 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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Executive Director5 U.S.C. § 8474
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Collection and compromise31 U.S.C. § 3711