45 CFR 2506.40 - Which debts can the Corporation refer to Treasury for collection by offsetting tax refunds?
prev | next
(a) The regulations in this subpart implement 31 U.S.C. 3720A, which authorizes the Treasury to reduce a tax refund by the amount of a past-due, legally enforceable debt owed to a Federal agency.
(b) For purposes of this section, a past-due, legally enforceable debt referable to the Treasury for tax refund offset is a debt that is owed to the Corporation and:
(2) Except in the case of a judgment debt, has been delinquent for at least three months and will not have been delinquent more than 10 years at the time the offset is made;
(i) Given the debtor at least 60 days to present evidence that all or part of the debt is not past due or legally enforceable;
(4) With respect to which the Corporation has notified or has made a reasonable attempt to notify the debtor that:
(ii) Unless repaid within 60 days of the date of the notice, the debt may be referred to the Treasury for offset against any refund of overpayment of tax; and
Title 45 published on 2012-10-01
no entries appear in the Federal Register after this date.