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.