22 CFR 1506.6 - Will USADF subdivide a claim in excess of $100,000?

Regulations last checked for updates: Nov 22, 2024

Title 22 - Foreign Relations last revised: Oct 28, 2024

View all text of Subpart A [§ 1506.1 - § 1506.8]

§ 1506.6 - Will USADF subdivide a claim in excess of $100,000?

USADF will not subdivide a claim to avoid the $100,000 limit on the Agency's authority to compromise, suspend, or terminate a debt. A debtor's liability arising from a particular transaction or contract is a single claim.

authority: Title V of the International Security and Development Cooperation Act of 1980, 22 U.S.C. 290h; 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 31 CFR part 285; 31 CFR 900-904; 5 CFR 550, subpart K; 31 U.S.C. 3720A.

source: 81 FR 95028, Dec. 27, 2016, unless otherwise noted.

cite as: 22 CFR 1506.6