FDIC · final-rule · Published 2002-07-25 · 67 FR 48525
Document
Document number
02-18656
Federal Register citation
67 FR 48525
CFR reference
12 CFR 313
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2002-07-25
Abstract
The FDIC is issuing a new regulation governing procedures for corporate debt collection. The Debt Collection Improvement Act of 1996 requires agencies to promulgate regulations on this subject. The regulation sets forth the procedures the FDIC will follow in collecting debts owed to the United States. These procedures include collection of debts through administrative offset, salary offset, administrative wage garnishment and tax refund offset.