Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
All TitlesTitle 12Chapter XIIPart 1208Subpart C - Subpart C—Administrative Offset
View all text of Subpart C [§ 1208.40 - § 1208.49]
§ 1208.45 - Refunds.

FHFA shall refund promptly those amounts recovered by administrative offset but later found not to be owed to the Federal Government. Unless required by law or contract, such refunds shall not bear interest.

authority: 5 U.S.C. 5514; 12 U.S.C. 4526; 26 U.S.C. 6402(d); 31 U.S.C. 3701-3720D; 31 CFR 285.2; 31 CFR Chapter IX
cite as: 12 CFR 1208.45
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