§ 5.7 When will Treasury entities compromise a Treasury debt?
FederalRegulations
Ask Donna
How this section applies to your facts.
Title 31—Money and Finance: Treasury > Subtitle A—Office of the Secretary of the Treasury > PART 5—TREASURY DEBT COLLECTION > Subpart B—Procedures To Collect Treasury Debts
Text
If a Treasury entity cannot collect the full amount of a Treasury debt, the Treasury entity may compromise the debt in accordance with the provisions of 31 CFR part 902 and the Treasury entity's policies and procedures. Legal counsel approval to compromise a Treasury debt is required as described in Treasury Directive 34-02 (Credit Management and Debt Collection), which may be found at http://www.treas.gov/regs.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.