StacksVerified U.S. regulatory reference

12 CFR §797.24

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Upon issuance of a proper certification by NCUA or upon receipt of a proper certification from another creditor agency, NCUA shall send the employee a written notice of salary offset.
  2. (b)Such written notice of salary offset shall advise the employee of the:
    1. (1)Certification that has been issued by NCUA or received from another creditor agency;
    2. (2)Amount of the debt and of the deductions to be made; and
    3. (3)Date and pay period when the salary offset will begin.
  3. (c)If NCUA is not the creditor agency, NCUA shall provide a copy of the notice to the creditor agency and advise the creditor agency of the dollar amount to be offset and the pay period when the offset will begin.