46 C.F.R. § 505.2

Definitions.

Last amended: 2016Year: 2026Length: 85 wordsSubsections: 2Official source

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
46 C.F.R. § 505.2: Definitions. | Justis AI