§ 5.4 What notice will Treasury entities send to a debtor when collecting a Treasury debt?
§ 5.5 How will Treasury entities add interest, penalty charges, and administrative costs to a Treasury debt?
§ 5.6 When will Treasury entities allow a debtor to pay a Treasury debt in installments instead of one lump sum?
§ 5.7 When will Treasury entities compromise a Treasury debt?
§ 5.8 When will Treasury entities suspend or terminate debt collection on a Treasury debt?
§ 5.9 When will Treasury entities transfer a Treasury debt to the Treasury Department’s Financial Management Service for collection?
§ 5.10 How will Treasury entities use administrative offset (offset of non-tax Federal payments) to collect a Treasury debt?
§ 5.11 How will Treasury entities use tax refund offset to collect a Treasury debt?
§ 5.12 How will Treasury entities offset a Federal employee’s salary to collect a Treasury debt?
§ 5.13 How will Treasury entities use administrative wage garnishment to collect a Treasury debt from a debtor’s wages?
§ 5.14 How will Treasury entities report Treasury debts to credit bureaus?
§ 5.15 How will Treasury entities refer Treasury debts to private collection agencies?
§ 5.16 When will Treasury entities refer Treasury debts to the Department of Justice?
§ 5.17 Will a debtor who owes a Treasury debt be ineligible for Federal loan assistance or Federal licenses, permits or privileges?
§ 5.18 How does a debtor request a special review based on a change in circumstances such as catastrophic illness, divorce, death, or disability?
§ 5.19 Will Treasury entities issue a refund if money is erroneously collected on a debt?
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Terms Used In CFR > Title 31 > Subtitle A > Part 5 > Subpart B - Procedures to Collect Treasury Debts

  • administrative offset: includes , but is not limited to, the offset of Federal salary, vendor, retirement, and Social Security benefit payments. See 31 CFR 5.1
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • centralized offset: refer to the process by which the Treasury Department's Financial Management Service offsets Federal payments through the Treasury Offset Program. See 31 CFR 5.1
  • Credit bureau: An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. (Also commonly referred to as consumer-reporting agency or credit-reporting agency.) Source: OCC
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Oath: A promise to tell the truth.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Statute: A law passed by a legislature.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.