# 12 C.F.R. § 1208.26 (2026): Special review where FHFA is the creditor agency

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_26

## Section

- **Citation:** 12 C.F.R. § 1208.26 (2026)
- **Heading:** Special review where FHFA is the creditor agency
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter XII: FEDERAL HOUSING FINANCE AGENCY / Part 1208: DEBT COLLECTION / Subpart B: Salary Offset / § 1208.26: § 1208.26   Special review where FHFA is the creditor agency.

## Text

(a)
Request for review.
(1) An employee subject to salary offset or a voluntary repayment agreement may, at any time, request a special review by FHFA 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.
(2) The request for special review must include an alternative proposed offset or payment schedule and a detailed statement, with supporting documents, that shows why the current salary offset or payments result in extreme financial hardship to the employee and his or her spouse and dependents. The detailed statement must indicate:
(i) Income from all sources;
(ii) Assets;
(iii) Liabilities;
(iv) Number of dependents;
(v) Expenses for food, housing, clothing, and transportation;
(vi) Medical expenses; and
(vii) Exceptional expenses, if any.
(b)
Evaluation of request.
FHFA shall evaluate the statement and supporting documents and determine whether the original 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. FHFA shall notify the employee in writing within 30 calendar days of such determination, including, if appropriate, a revised offset or payment schedule. If the special review results in a revised offset or repayment schedule, FHFA shall provide a new certification to the paying agency.

## Nearby sections

- [12 C.F.R. § 1208.20 (2026) § 1208.20   Authority and scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_20.md)
- [12 C.F.R. § 1208.21 (2026) § 1208.21   Notice requirements before salary offset where FHFA is the creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_21.md)
- [12 C.F.R. § 1208.22 (2026) § 1208.22   Review of FHFA records related to the debt.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_22.md)
- [12 C.F.R. § 1208.23 (2026) § 1208.23   Opportunity for a hearing where FHFA is the creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_23.md)
- [12 C.F.R. § 1208.24 (2026) § 1208.24   Certification where FHFA is the creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_24.md)
- [12 C.F.R. § 1208.25 (2026) § 1208.25   Voluntary repayment agreements as alternative to salary offset where FHFA is the creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_25.md)
- [12 C.F.R. § 1208.26 (2026) § 1208.26   Special review where FHFA is the creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_26.md)
- [12 C.F.R. § 1208.27 (2026) § 1208.27   Notice of salary offset where FHFA is the paying agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_27.md)
- [12 C.F.R. § 1208.28 (2026) § 1208.28   Procedures for salary offset where FHFA is the paying agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_28.md)
- [12 C.F.R. § 1208.29 (2026) § 1208.29   Coordinating salary offset with other agencies.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_29.md)
- [12 C.F.R. § 1208.30 (2026) § 1208.30   Interest, penalties, and administrative costs.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_30.md)
- [12 C.F.R. § 1208.31 (2026) § 1208.31   Refunds.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_31.md)
- [12 C.F.R. § 1208.32 (2026) § 1208.32   Request from a creditor agency for the services of a hearing official.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_32.md)
- [12 C.F.R. § 1208.33 (2026) § 1208.33   Non-waiver of rights by payments.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_33.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P1208_S1208_26. Check the current official text before relying on it. Not legal advice.