[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR105-55.008]

[Page 396-397]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
              CHAPTER 105--GENERAL SERVICES ADMINISTRATION
 
PART 105-55--COLLECTION OF CLAIMS OWED THE UNITED STATES--Table of Contents
 
Sec. 105-55.008  Settlement of claims.

    (a) In accordance with the provisions of 4 CFR part 103, GSA 
officials listed in Sec. 105-55.006(c) may settle claims not exceeding 
$20,000 exclusive of interest, penalties and administrative charges

[[Page 397]]

by compromise at less than the principal of the claim if:
    (1) The debtor shows an inability to pay the full amount within a 
reasonable time;
    (2) The Government would be unable to enforce complete collection by 
any means within a reasonable time;
    (3) The amount of the claim does not justify the actual foreseable 
collection cost of the claim; or
    (4) A combination of the above reasons.
    (b) GSA may suspend or terminate collection action in accordance 
with the terms and procedures contained in 4 CFR part 104.