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Bankowość · 25.07.2002

Procedures for Corporate Debt Collection

The FDIC is issuing a new regulation governing procedures for corporate debt collection. The Debt Collection Improvement Act of 1996 requires agencies to promulgate regulations on this subject. The regulation sets forth the procedures the FDIC will follow in collecting debts owed to the United States. These procedures include collection of debts through administrative offset, salary offset, administrative wage garnishment and tax refund offset.

Source: Federal Register — Federal Deposit Insurance CorporationOpen original release →