Statutes, codes, and regulations
Code of Federal Regulations
Title 12 - BANKS AND BANKINGChapter VII - NATIONAL CREDIT UNION ADMINISTRATIONSubchapter B - REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATIONPart 797 - PROCEDURES FOR DEBT COLLECTION
Subpart B - ADMINISTRATIVE OFFSET
Section 797.15 - Administrative offset against amounts payable from Civil Service Retirement and Disability Fund

12 C.F.R. § 797.15

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Current through September 30, 2024
Section 797.15 - Administrative offset against amounts payable from Civil Service Retirement and Disability Fund

NCUA may request that monies payable to a debtor from the Civil Service Retirement and Disability Fund be administratively offset to collect debts owed to NCUA by the debtor. NCUA shall provide OPM with a written certification that states the debtor owes the debt, the amount of the debt, and that NCUA has complied with the agency's offset regulations, as well as, the requirements set forth in 31 CFR parts 900 through 904 and OPM's regulations.

12 C.F.R. §797.15