12 C.F.R. § 313.161 Certification of debt.
Title 12 - Banks and Banking
Prior to referring a delinquent debt to the Secretary of the Treasury, the Director must have complied with the requirements of 5 U.S.C. 5514, and 5 CFR part 550, subpart K, governing salary offset, and the FDIC regulations. The Director shall certify, in a form acceptable to the Secretary, that: (a) The debt is past due and legally enforceable; and (b) The FDIC has complied with all due process requirements under 31 U.S.C. 3716 and the FDIC's administrative offset regulations.
Title 12: Banks and Banking
PART 313—PROCEDURES FOR CORPORATE DEBT COLLECTION
Subpart G—Mandatory Centralized Administrative Offset
§ 313.161 Certification of debt.
