Administrative offset

Administrative offset means an action, pursuant to 31 U.S.C. 3716, in which the Federal Government withholds funds payable to, or held by the Federal Government for a person, organization, or other entity in order to collect a debt from that person, organization, or other entity. Such funds include funds payable by the Federal Government on behalf of a State Government.

Source

12 CFR § 1208.2


Scoping language

The following terms apply to this part, unless defined otherwise elsewhere-

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