StacksVerified U.S. regulatory reference

12 CFR §313.21

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Administrative offset means withholding funds payable by the United States to, or held by the United States for, a person to satisfy a debt.
  2. (b)Person includes a natural person or persons, profit or nonprofit corporation, partnership, association, trust, estate, consortium, or other entity which is capable of owing a debt to the United States Government except that agencies of the United States, or any state or local government shall be excluded.