12 C.F.R. § 313.29 Requests for offset to other federal agencies.
Title 12 - Banks and Banking
The Director may request that a debt owed to the FDIC be administratively offset against funds due and payable to a debtor by another federal agency. In requesting administrative offset, the FDIC, as the creditor agency, will certify in writing to the federal agency holding funds payable to the debtor: (a) That the debtor owes the debt; (b) The amount and basis of the debt; and (c) That the FDIC has complied with the requirements of its own administrative offset regulations and the applicable provisions of 31 U.S.C. 3716 with respect to providing the debtor with due process, unless otherwise provided.
Title 12: Banks and Banking
PART 313—PROCEDURES FOR CORPORATE DEBT COLLECTION
Subpart B—Administrative Offset
§ 313.29 Requests for offset to other federal agencies.
