Goto Section: 1.1914 | 1.1916 | Table of Contents

FCC 1.1915
Revised as of October 2, 2015
Goto Year:2014 | 2016
§ 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: 2014 | 2016
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