# 12 C.F.R. § 313.47 (2026): Voluntary repayment agreements as alternative to salary offset where the FDIC is the creditor agency

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_47

## Section

- **Citation:** 12 C.F.R. § 313.47 (2026)
- **Heading:** Voluntary repayment agreements as alternative to salary offset where the FDIC 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 III: FEDERAL DEPOSIT INSURANCE CORPORATION / Part 313: PROCEDURES FOR COLLECTION OF CORPORATE DEBT, CRIMINAL RESTITUTION DEBT, AND CIVIL MONEY PENALTY DEBT / Subpart C: Salary Offset / § 313.47: § 313.47   Voluntary repayment agreements as alternative to salary offset where the FDIC is the creditor agency.

## Text

(a) In response to a Notice of Intent, an employee may propose to voluntarily repay the debt through scheduled voluntary payments, in lieu of salary offset. An employee who wishes to repay a debt in this manner shall submit to the Director a written agreement proposing a repayment schedule. This proposal must be received by the Director within 30 calendar days after receipt of the Notice of Intent.
(b) The Director shall notify the employee whether the employee's proposed voluntary repayment agreement is acceptable. It is within the discretion of the Director whether to accept or reject the debtor's proposal, or whether to propose to the debtor a modification of the proposed repayment agreement:
(1) If the Director decides that the proposed repayment agreement is unacceptable, he or she shall notify the employee and the employee shall have 30 calendar days from the date he or she received notice of the decision in which to file a request for a hearing on the proposed repayment agreement, as provided in § 313.42; or
(2) If the Director decides that the proposed repayment agreement is acceptable or the debtor agrees to a modification proposed by the Director, the agreement shall be put in writing and signed by both the employee and the Director.

## Nearby sections

- [12 C.F.R. § 313.40 (2026) § 313.40   Scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_40.md)
- [12 C.F.R. § 313.41 (2026) § 313.41   Notice requirement where FDIC is creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_41.md)
- [12 C.F.R. § 313.42 (2026) § 313.42   Procedures to request a hearing.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_42.md)
- [12 C.F.R. § 313.43 (2026) § 313.43   Failure to timely submit request for hearing.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_43.md)
- [12 C.F.R. § 313.44 (2026) § 313.44   Procedure for hearing.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_44.md)
- [12 C.F.R. § 313.45 (2026) § 313.45   Certification of debt by FDIC as creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_45.md)
- [12 C.F.R. § 313.46 (2026) § 313.46   Notice of salary offset where FDIC is the paying agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_46.md)
- [12 C.F.R. § 313.47 (2026) § 313.47   Voluntary repayment agreements as alternative to salary offset where the FDIC is the creditor agency.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_47.md)
- [12 C.F.R. § 313.48 (2026) § 313.48   Special review of repayment agreement or salary offset due to changed circumstances.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_48.md)
- [12 C.F.R. § 313.49 (2026) § 313.49   Coordinating salary offset with other agencies.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_49.md)
- [12 C.F.R. § 313.50 (2026) § 313.50   Interest, penalties, and administrative costs.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_50.md)
- [12 C.F.R. § 313.51 (2026) § 313.51   Refunds.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_51.md)
- [12 C.F.R. § 313.52 (2026) § 313.52   Request from a creditor agency for services of a hearing official.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_52.md)
- [12 C.F.R. § 313.53 (2026) § 313.53   Non-waiver of rights by payments.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_53.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P313_S313_47. Check the current official text before relying on it. Not legal advice.