Regulations last checked for updates: Nov 26, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
All TitlesTitle 12Chapter VIIPart 797Subpart B - Subpart B—Administrative Offset
View all text of Subpart B [§ 797.5 - § 797.16]
§ 797.11 - Interest, administrative costs, and penalties.

Where NCUA is the creditor agency, it shall assess interest, penalties and administrative costs pursuant to 31 U.S.C. 3717 and 31 CFR parts 900 through 904, unless excused in accordance with the FCCS.

authority: 12 U.S.C. 1752a; 5 U.S.C. 5514; 31 U.S.C. 3711,3716,3720A,3720D
source: 73 FR 11341, Mar. 3, 2008, unless otherwise noted.
cite as: 12 CFR 797.11
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