41 C.F.R. · Public Contracts and Property Management
41 C.F.R. § 105.56.033

Disposition of amounts collected.

Title 41 C.F.R. ● ACTIVE Primary Source
Regulatory Text

41 C.F.R. § 105.56.033 — Disposition of amounts collected.

§ 105–56.033 Disposition of amounts collected. (a) The disbursing official conducting the offset will transmit amounts collected for debts, less fees charged under § 105–56.032 of this subpart, to the creditor agency. (b) If an erroneous offset payment is made to the creditor agency, the disbursing official will notify the creditor agency that an erroneous offset payment has been made. (1) The disbursing official may deduct the amount of the erroneous offset payment from future amounts payable to the creditor agency; or (2) Alternatively, upon the disbursing official's request, the creditor agency will promptly return to the disbursing official or the affected payee an amount equal to the amount of the erroneous payment (without regard to whether any other amounts payable to the creditor agency have been paid). The disbursing official and the creditor agency will adjust the debtor records appropriately.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR41-SEC-B6990D
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
41 C.F.R. § 105.56.033
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PRIMARY-SOURCE
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The regulatory text of 41 C.F.R. § 105.56.033 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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