12 C.F.R. § 313.23 Offset prior to completion of procedures.
Title 12 - Banks and Banking
The FDIC may collect a debt by administrative offset prior to the completion of the procedures described in §313.25, if: (a) Failure to offset a payment would substantially prejudice the FDIC's ability to collect the debt; and (b) The time before the payment is to be made does not reasonably permit completion of the procedures described in §313.25. Such prior offsetting shall be followed promptly by the completion of the procedures described in §313.25.
Title 12: Banks and Banking
PART 313—PROCEDURES FOR CORPORATE DEBT COLLECTION
Subpart B—Administrative Offset
§ 313.23 Offset prior to completion of procedures.
