12 C.F.R. § 1704.41 Administrative offset prior to completion of procedures.
Title 12 - Banks and Banking
Prior to the completion of the procedures described in §1704.42, OFHEO may effect administrative offset if failure to offset would substantially prejudice its ability to collect the debt, and if the time before the payment is to be made does not reasonably permit completion of the procedures described in §1704.42. Such prior administrative offset shall be followed promptly by the completion of the procedures described in §1704.42. [64 FR 34969, June 30, 1999. Redesignated and amended at 65 FR 81328, Dec. 26, 2000]
Title 12: Banks and Banking
PART 1704—DEBT COLLECTION
Subpart C—Administrative Offset
§ 1704.41 Administrative offset prior to completion of procedures.
