# 12 CFR § 608.808: Right to offer to repay claim

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-608.808

## Section

- **Citation:** 12 CFR § 608.808
- **Heading:** Right to offer to repay claim
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER VI—FARM CREDIT ADMINISTRATION > SUBCHAPTER A—ADMINISTRATIVE PROVISIONS > PART 608—COLLECTION OF CLAIMS OWED THE UNITED STATES > Subpart A—Administrative Collection of Claims

## Text

(a) The debtor may offer to enter into a written agreement with the FCA to repay the amount of the claim. The acceptance of such an offer and the decision to enter into such a written agreement is at the discretion of the FCA.
(b) If the debtor requests a repayment arrangement because payment of the amount due would create a financial hardship, the FCA shall analyze the debtor's financial condition. The FCA may enter into a written agreement with the debtor permitting the debtor to repay the debt in installments if the FCA determines, in its sole discretion, that payment of the amount due would create an undue financial hardship for the debtor. The written agreement shall set forth the amount and frequency of installment payments and shall, in accordance with § 608.812, provide for the imposition of charges for interest, penalties, and administrative costs unless waived by the FCA.
(c) The written agreement may require the debtor to execute a confess-judgment note when the total amount of the deferred installments will exceed $750. The FCA shall provide the debtor with a written explanation of the consequences of signing a confess-judgment note. The debtor shall sign a statement acknowledging receipt of the written explanation. The statement shall recite that the written explanation was read and understood before execution of the note and that the debtor signed the note knowingly and voluntarily. Documentation of these procedures will be maintained in the FCA's file on the debtor.

## Nearby sections

- [12 CFR § 608.801 § 608.801 Authority.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.801.md)
- [12 CFR § 608.802 § 608.802 Applicability.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.802.md)
- [12 CFR § 608.803 § 608.803 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.803.md)
- [12 CFR § 608.804 § 608.804 Delegation of authority.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.804.md)
- [12 CFR § 608.805 § 608.805 Responsibility for collection.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.805.md)
- [12 CFR § 608.806 § 608.806 Demand for payment.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.806.md)
- [12 CFR § 608.807 § 608.807 Right to inspect and copy records.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.807.md)
- [12 CFR § 608.808 § 608.808 Right to offer to repay claim.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.808.md)
- [12 CFR § 608.809 § 608.809 Right to agency review.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.809.md)
- [12 CFR § 608.810 § 608.810 Review procedures.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.810.md)
- [12 CFR § 608.811 § 608.811 Special review.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.811.md)
- [12 CFR § 608.812 § 608.812 Charges for interest, administrative costs, and penalties.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.812.md)
- [12 CFR § 608.813 § 608.813 Contracting for collection services.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.813.md)
- [12 CFR § 608.814 § 608.814 Reporting of credit information.](https://www.frixlaw.com/law-library/statutes/ecfr-12-608.814.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-608.808. Check the current official text before relying on it. Not legal advice.