When will Treasury entities refer Treasury debts to the Department of
(a) Compromise or suspension or termination of collection activity.
Treasury entities shall refer Treasury debts having a principal balance over
$100,000, or such higher amount as authorized by the Attorney General, to the
Department of Justice for approval of any compromise of a debt or suspension or
termination of collection activity. See §§ 5.7 and 5.8 of this part ;
31 CFR 902.1; 31 CFR 903.1.
(b) Litigation. Treasury entities shall promptly refer to the
Department of Justice for litigation delinquent Treasury debts on which aggressive
collection activity has been taken in accordance with this part and that should not
be compromised, and on which collection activity should not be suspended or terminated. See 31 CFR part 904. Treasury entities may authorize the
Financial Management Service to refer to the Department of Justice for litigation
those delinquent Treasury debts that have been transferred to the Financial
Management Service under § 5.9 of this part.
Title 31 published on 2012-07-01
no entries appear in the Federal Register after this date.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.