46 C.F.R. § 505.2
Definitions.
Cite as 46 C.F.R. § 505.2 (2026)
(a)
Administrative offset,
as defined in 31 U.S.C. 3701(a)(1), means withholding money payable by the United States Government to, or held by the Government for, a person to satisfy a debt the person owes the Government.
(b)
Person
includes a natural person or persons, profit or non-profit corporation, partnership, association, trust, estate, consortium, or other entity which is capable of owing a debt to the United States Government except that agencies of the United States, or of any State or local government shall be excluded.
- Cross-references to the US Code
- 31:3701