[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR902.1]

[Page 1344]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
   CHAPTER IX--FEDERAL CLAIMS COLLECTION STANDARDS (DEPARTMENT OF THE 
                    TREASURY--DEPARTMENT OF JUSTICE)
 
PART 902_STANDARDS FOR THE COMPROMISE OF CLAIMS--Table of Contents
 
Sec. 902.1  Scope and application.




Sec.
902.1 Scope and application.
902.2 Bases for compromise.
902.3 Enforcement policy.
902.4 Joint and several liability.
902.5 Further review of compromise offers.
902.6 Consideration of tax consequences to the Government.
902.7 Mutual releases of the debtor and the Government.

    Authority: 31 U.S.C. 3711.

    Source: 65 FR 70402, Nov. 22, 2000, unless otherwise noted.


    (a) The standards set forth in this part apply to the compromise of 
debts pursuant to 31 U.S.C. 3711. An agency may exercise such compromise 
authority for debts arising out of activities of, or referred or 
transferred for collection services to, that agency when the amount of 
the debt then due, exclusive of interest, penalties, and administrative 
costs, does not exceed $100,000 or any higher amount authorized by the 
Attorney General. Agency heads may designate officials within their 
respective agencies to exercise the authorities in this section.
    (b) 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 agency should evaluate the compromise offer, 
using the factors set forth in this part. If an offer to compromise any 
debt in excess of $100,000 is acceptable to the agency, the agency shall 
refer the debt to the Civil Division or other appropriate litigating 
division in the Department of Justice using a Claims Collection 
Litigation Report (CCLR). Agencies may obtain the CCLR from the 
Department of Justice's National Central Intake Facility. The referral 
shall include appropriate financial information and a recommendation for 
the acceptance of the compromise offer. Justice Department approval is 
not required if the agency rejects a compromise offer.