Goto Section: 1.1914 | 1.1916 | Table of Contents

FCC 1.1915
Revised as of October 1, 2014
Goto Year:2013 | 2015
§ 1.1915   Exploration of compromise.

   The Commission may attempt to effect compromise, preferably during the
   course of personal interviews, in accordance with the standards set
   forth in part 902 of the Federal Claims Collection Standards (31 CFR
   part 902). The Commission will also consider a request submitted by the
   debtor to compromise the debt. Such requests should be submitted in
   writing with full justification of the offer and addressing the bases
   for compromise at 31 CFR 902.2. Debtors will provide full financial
   information to support any request for compromise based on the debtor's
   inability to pay the debt. Unless otherwise provided by law, when the
   principal balance of a debt, exclusive of interest, penalties, and
   administrative costs, exceeds $100,000 or any higher amount authorized
   by the Attorney General, the authority to accept the compromise rests
   with the Department of Justice. The Commission will evaluate an offer,
   using the factors set forth in 31 CFR 902.2 and, as appropriate, refer
   the offer with the appropriate financial information to the Department
   of Justice. Department of Justice approval is not required if the
   Commission rejects a compromise offer.

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Goto Section: 1.1914 | 1.1916

Goto Year: 2013 | 2015
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