StacksVerified U.S. regulatory reference

12 CFR §313.46

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
  1. (a)Upon issuance of a proper certification by the Director for debts owed to the FDIC, or upon receipt of a proper certification from a creditor agency, the Director shall send the employee a written notice of salary offset. Such notice shall advise the employee:
    1. (1)That certification has been issued by the Director or received from another creditor agency;
    2. (2)Of the amount of the debt and of the deductions to be made; and
    3. (3)Of the initiation of salary offset at the next officially established pay interval or as otherwise provided for in the certification.
  2. (b)Where appropriate, the Director shall provide a copy of the notice to the creditor agency and advise such agency of the dollar amount to be offset and the pay period when the offset will begin.