1. Regulations
  2. title 12
  3. chapter III
  4. part 313
  5. subpart B
  6. § 313.27

View all text of Subpart B [§ 313.20 - § 313.39]

§ 313.27 - Refunds.

Amounts recovered by administrative offset but later found not to be owed to the Government shall be promptly refunded. Unless required by law or contract, such refunds shall not bear interest.

AUTHORITY: 5 U.S.C. 5514; 12 U.S.C. 1818(i), 1819(a); Pub. L. 104-134, 110 Stat. 1321 (31 U.S.C. 3701, 3711, 3716).

SOURCE: 67 FR 48527, July 25, 2002, unless otherwise noted.

CITE AS: 12 CFR 313.27