12 C.F.R. § 313.51

Refunds.

Last amended: 2016Year: 2026Length: 65 wordsSubsections: 1Official source

Cite as 12 C.F.R. § 313.51 (2026)

(a) Where the FDIC is the creditor agency, it shall promptly refund any amount deducted under the authority of 5 U.S.C. 5514 when the debt is compromised or otherwise found not to be owing to the United States, or when an administrative or judicial order directs the FDIC to make a refund. (b) Unless required by law or contract, such refunds shall not bear interest.
Cross-references to the US Code
5:5514
12 C.F.R. § 313.51: Refunds. | Justis AI