12 C.F.R. § 313.21 Definitions.
Title 12 - Banks and Banking
(a) Administrative offset means withholding funds payable by the United States to, or held by the United States for, a person to satisfy a debt. (b) Person includes a natural person or persons, profit or nonprofit corporation, partnership, association, trust, estate, consortium, or other entity which is capable of owing a debt to the United States Government except that agencies of the United States, or any state or local government shall be excluded.
Title 12: Banks and Banking
PART 313—PROCEDURES FOR CORPORATE DEBT COLLECTION
Subpart B—Administrative Offset
§ 313.21 Definitions.
