§ 797.5 - Authority and scope.

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NCUA may collect a debt owed to the federal government from a person, organization, or other entity by administrative offset, pursuant to 31 U.S.C. 3716, where:

The debt is certain in amount;

Administrative offset is feasible, desirable, and not otherwise prohibited;

The applicable statute of limitations has not expired; and

Administrative offset is in the best interest of the federal government.