12 CFR 313.23 - Offset prior to completion of procedures.

§ 313.23 Offset prior to completion of procedures.
The FDIC may collect a debt by administrative offset prior to the completion of the procedures described in § 313.25, if:
(a) Failure to offset a payment would substantially prejudice the FDIC's ability to collect the debt; and
(b) The time before the payment is to be made does not reasonably permit completion of the procedures described in § 313.25. Such prior offsetting shall be followed promptly by the completion of the procedures described in § 313.25.

Title 12 published on 2014-01-01

no entries appear in the Federal Register after this date.

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