FCC 1.1915 Revised as of October 1, 2014
Goto Year:2013 |
§ 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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