12 C.F.R. § 1408.35 Purpose.
Title 12 - Banks and Banking
The purpose of this subpart is to implement section 5 of the Debt Collection Act of 1982 (Pub. L. 97–365 (5 U.S.C. 5514)), which authorizes the collection of debts owed by Federal employees to the Federal Government by means of salary offsets. These regulations provide procedures for the collection of a debt owed to the Government by the imposition of a salary offset against amounts payable to a Federal employee as salary. These regulations are consistent with the regulations on salary offset published by the Office of Personnel Management, codified in 5 CFR part 550, subpart K. Since salary offset is a type of administrative offset, the requirements of subpart B also apply to salary offsets.
Title 12: Banks and Banking
PART 1408—COLLECTION OF CLAIMS OWED THE UNITED STATES
Subpart C—Offset Against Salary
§ 1408.35 Purpose.
