31 CFR 5.6 - When will Treasury entities allow a debtor to pay a Treasury debt in installments instead of one lump sum?

Regulations last checked for updates: Nov 22, 2024

Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024

View all text of Subpart B [§ 5.4 - § 5.19]

§ 5.6 - When will Treasury entities allow a debtor to pay a Treasury debt in installments instead of one lump sum?

If a debtor is financially unable to pay the debt in one lump sum, a Treasury entity may accept payment of a Treasury debt in regular installments, in accordance with the provisions of 31 CFR 901.8 and the Treasury entity's policies and procedures.

authority: 5 U.S.C. 5514; 26 U.S.C. 6402; 31 U.S.C. 321,3701,3711,3716,3717,3718,3720A,3720B,3720D

source: 67 FR 65845, Oct. 28, 2002, unless otherwise noted.

cite as: 31 CFR 5.6