[Code of Federal Regulations]
[Title 22, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 22CFR34.11]

[Page 140]
 
                       TITLE 22--FOREIGN RELATIONS
 
                     CHAPTER I--DEPARTMENT OF STATE
 
PART 34--COLLECTION OF DEBTS--Table of Contents
 
  Subpart B--Administrative Offset and Referral to Collection Agencies
 
Sec. 34.11  Collection in installments.

    Whenever feasible, and except as required otherwise by law, debts 
owed to the United States, together with interest, penalties, and 
administrative costs as required by this regulation, should be collected 
in one lump sum. This is true whether the debt is being collected under 
administrative offset or by another method, including voluntary payment. 
However, if the debtor is financially unable to pay the indebtedness in 
one lump sum, payment may be accepted in regular installments. If STATE 
agrees to accept payment in installments, it will obtain a legally 
enforceable written agreement from the debtor that specifies all of the 
terms of the arrangement and which contains a provision accelerating the 
debt in the event the debtor defaults. The size and frequency of the 
payments should bear a reasonable relation to the size of the debt and 
ability of the debtor to pay. If possible the installment payments 
should be sufficient in size and frequency to liquidate the Government's 
claim within 3 years.