Statutes, codes, and regulations
Code of Federal Regulations
Title 22 - FOREIGN RELATIONSChapter XV - AFRICAN DEVELOPMENT FOUNDATIONPart 1506 - COLLECTION OF CLAIMS
Subpart D - COMPROMISE OF DEBTS
Section 1506.32 - If I am jointly and severally liable on a claim, will USADF delay collection action against me until the other debtors pay their proportional share?

22 C.F.R. § 1506.32

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Current through November 30, 2024
Section 1506.32 - If I am jointly and severally liable on a claim, will USADF delay collection action against me until the other debtors pay their proportional share?

When two or more debtors are jointly and severally liable, collection action will not be withheld against one debtor until the other or others pay their proportionate share. The amount of a compromise with one debtor is not precedent in determining compromises from other debtors who have been determined to be jointly and severally liable on the claim.

22 C.F.R. §1506.32

81 FR 95028 , 12/27/2016