[Code of Federal Regulations]
[Title 10, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 10CFR15.55]

[Page 294]
 
                            TITLE 10--ENERGY
 
                CHAPTER I--NUCLEAR REGULATORY COMMISSION
 
PART 15--DEBT COLLECTION PROCEDURES--Table of Contents
 
        Subpart D--Suspension or Termination of Collection Action
 
Sec. 15.55  Reasons for terminating collection action.

    Collection action may be terminated:
    (a) When it becomes clear that the Government cannot collect or 
enforce collection of any significant sum from the debtor having due 
regard for the judicial remedies available to the Government, the 
debtor's future financial prospects, and the exemptions available to the 
debtor under State and Federal law;
    (b) When the debtor cannot be located, there is no security 
remaining to be liquidated, the applicable statute of limitations has 
run, and the prospects of collecting by offset notwithstanding the bar 
of the statute of limitations is too remote to justify retention of the 
claim; or
    (c) When it is likely that the cost of collection action will exceed 
the amount recoverable.