12 CFR 797.22 - Voluntary repayment agreement.
§ 797.22
Voluntary repayment agreement.
(a)
In response to the Notice, an employee may propose to repay the debt voluntarily in lieu of salary offset by submitting a written proposed repayment schedule to NCUA. Any proposal under this section must be received by NCUA within 15 calendar days after receipt of the Notice.
(b)
In response to a timely proposal by the employee, NCUA shall notify the employee whether the employee's proposed repayment schedule is acceptable. NCUA has the discretion to accept, reject, or propose to the employee a modification of the proposed repayment schedule.
Title 12 published on 2012-01-01
no entries appear in the Federal Register after this date.
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