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12 CFR §313.161

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Prior to referring a delinquent debt to the Secretary of the Treasury, the Director must have complied with the requirements of 5 U.S.C. 5514, and 5 CFR part 550, subpart K, governing salary offset, and the FDIC regulations. The Director shall certify, in a form acceptable to the Secretary, that:
  1. (a)The debt is past due and legally enforceable; and
  2. (b)The FDIC has complied with all due process requirements under 31 U.S.C. 3716 and the FDIC's administrative offset regulations.