Regulations last checked for updates: Nov 22, 2024

Title 49 - Transportation last revised: Nov 18, 2024
§ 1017.12 - Statute of limitations.

If a debt has been outstanding for more than 10 years after the agency's right to collect the debt first accrued, the agency may not collect by salary offset unless facts material to the Government's right to collect were not known and could not reasonably have been known by the official or officials who were charged with the responsibility for discovery and collection of such debts.

authority: 31 U.S.C. 3716,5.S.C. 5514; Pub. L. 97-365; 31 CFR parts 900-904; 5 CFR part 550
source: 56 FR 32333, July 16, 1991, unless otherwise noted.
cite as: 49 CFR 1017.12