12 C.F.R. § 313.23

Offset prior to completion of procedures.

Last amended: 2016Year: 2026Length: 77 wordsOfficial source

Cite as 12 C.F.R. § 313.23 (2026)

The FDIC may collect a debt by administrative offset prior to the completion of the procedures described in § 313.25, if: (a) Failure to offset a payment would substantially prejudice the FDIC's ability to collect the debt; and (b) The time before the payment is to be made does not reasonably permit completion of the procedures described in § 313.25. Such prior offsetting shall be followed promptly by the completion of the procedures described in § 313.25.
Cross-references to the CFR
313.25313.25.
12 C.F.R. § 313.23: Offset prior to completion of procedures. | Justis AI