# 12 C.F.R. § 1073.308 (2026): Special review of repayment agreement or salary offset due to changed circumstances

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_308

## Section

- **Citation:** 12 C.F.R. § 1073.308 (2026)
- **Heading:** Special review of repayment agreement or salary offset due to changed circumstances
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter X: CONSUMER FINANCIAL PROTECTION BUREAU / Part 1073: PROCEDURES FOR BUREAU DEBT COLLECTION / Subpart C: Salary Offset / § 1073.308: § 1073.308   Special review of repayment agreement or salary offset due to changed circumstances.

## Text

(a) An employee subject to a voluntary repayment agreement or salary offset payable to the Bureau as creditor agency may request a special review by the Director of the amount of the salary offset or voluntary repayment, based on materially changed circumstances, including, but not limited to, catastrophic illness, divorce, death, or disability. A request for special review may be made at any time.
(b) In support of a request for special review, the employee shall submit to the Bureau a detailed statement and supporting documents for the employee, his or her spouse, and dependents indicating:
(1) Income from all sources;
(2) Assets;
(3) Liabilities;
(4) Number of dependents;
(5) Monthly expenses for food, housing, clothing, and transportation;
(6) Medical expenses; and
(7) Exceptional expenses, if any.
(c) The employee shall also file an alternative proposed offset or payment schedule and a statement, with supporting documents, showing why the current salary offset or payments result in extreme financial hardship to the employee.
(d) The Director shall evaluate the statement and supporting documents and determine whether the original salary offset or repayment schedule imposes extreme financial hardship on the employee, for example, by preventing the employee from meeting essential subsistence expenses such as food, housing, clothing, transportation, and medical care. The Director shall notify the employee in writing within 30 calendar days of his or her determination.
(e) If the special review results in a revised salary offset or repayment schedule, the Director shall provide a new certification to the paying agency.

## Nearby sections

- [12 C.F.R. § 1073.301 (2026) § 1073.301   Scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_301.md)
- [12 C.F.R. § 1073.302 (2026) § 1073.302   Notice requirement where CFPB is creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_302.md)
- [12 C.F.R. § 1073.303 (2026) § 1073.303   Procedures to request a hearing.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_303.md)
- [12 C.F.R. § 1073.304 (2026) § 1073.304   Failure to timely submit request for a hearing.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_304.md)
- [12 C.F.R. § 1073.305 (2026) § 1073.305   Procedures for hearing.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_305.md)
- [12 C.F.R. § 1073.306 (2026) § 1073.306   Salary offset process.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_306.md)
- [12 C.F.R. § 1073.307 (2026) § 1073.307   Voluntary repayment agreements as alternative to salary offset where the CFPB is the creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_307.md)
- [12 C.F.R. § 1073.308 (2026) § 1073.308   Special review of repayment agreement or salary offset due to changed circumstances.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_308.md)
- [12 C.F.R. § 1073.309 (2026) § 1073.309   Interest, penalties, and administrative costs.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_309.md)
- [12 C.F.R. § 1073.310 (2026) § 1073.310   Refunds.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_310.md)
- [12 C.F.R. § 1073.311 (2026) § 1073.311   Non-waiver of rights by payment.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_311.md)
- [12 C.F.R. § 1073.312 (2026) § 1073.312   Exception to procedures.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_312.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P1073_S1073_308. Check the current official text before relying on it. Not legal advice.