[Code of Federal Regulations]
[Title 44, Volume 1]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 44CFR11.47]

[Page 122]
 
              TITLE 44--EMERGENCY MANAGEMENT AND ASSISTANCE
 
 CHAPTER I--FEDERAL EMERGENCY MANAGEMENT AGENCY, DEPARTMENT OF HOMELAND 
                                SECURITY
 
PART 11_CLAIMS--Table of Contents
 
     Subpart C_Collection of Debts by the Government Under the Debt 
                         Collection Act of 1982
 
Sec. 11.47  Collection in installments.

    Debts with accrued interest and penalties should be collected in 
full in one lump sum whenever this is possible. However, if the debtor 
is financially unable to pay the indebtedness in one lump sum, payment 
with applicable interest may be accepted in regular installments in 
accordance with a written agreement approved by the ACO or his designee. 
If possible, installment payments shall be sufficiently large to 
complete collection in the three years. Installment payments should not 
be less than $50.00 per month unless there are most unusual 
circumstances. The Agency may require the debtor to execute a confess-
judgment, negotiable note for the amount of the indebtedness. The ACO or 
DCO may require the debtor to provide a statement as to financial 
condition.