24 C.F.R. § 17.62   Subdivision and joining of claims.


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 17—ADMINISTRATIVE CLAIMS
Subpart C—Procedures for the Collection of Claims by the Government
General Provisions

Browse Previous |  Browse Next

§ 17.62   Subdivision and joining of claims.

(a) A debtor's liability arising from a particular transaction or contract shall be considered as a single claim in determining whether the claim is one not exceeding $100,000 exclusive of interest for the purpose of compromise or termination of collection action. Such a claim may not be subdivided to avoid the monetary ceiling established by the Act.

(b) Joining of two or more single claims in a demand upon a particular debtor for payment totaling more than $100,000 does not preclude compromise or termination of collection action with respect to any one of such claims that does not exceed $100,000 exclusive of interest.

[59 FR 34579, July 6, 1994]

Browse Previous |  Browse Next






















chanrobles.com


ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com