12 C.F.R. § 797.14

Current through November 30, 2024
Section 797.14 - Requests for administrative offset from other federal agencies where NCUA is the paying agency
(a) Any agency may request that funds due and payable to a debtor by NCUA be administratively offset in order to collect a debt owed to such agency by the debtor.
(b) NCUA shall initiate the requested administrative offset only upon receipt of a written certification from the creditor agency that:
(1) The debtor owes the debt, including the amount and basis of the debt;
(2) The agency has prescribed regulations for the exercise of administrative offset; and
(3) The agency has complied with its own administrative offset regulations and with the applicable provisions of the FCCS, with respect to providing the debtor with due process.

12 C.F.R. § 797.14