[Code of Federal Regulations]
[Title 7, Volume 1]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR3.28]

[Page 267]
 
                          TITLE 7--AGRICULTURE
 
PART 3_DEBT MANAGEMENT--Table of Contents
 
                        Subpart B_Debt Collection
 
Sec. 3.28  Written agreements to repay debt as alternative to 
administrative offset.

    The debtor may, in response to Notice of Intent to Collect by 
Administrative Offset, propose to the creditor agency a written 
agreement to repay the debt as an alternative to administrative offset. 
Any debtor who wishes to do this must submit a written proposal for 
repayment of the debt, which must be received by the creditor agency 
within 20 calendar days of the date the notice was delivered to the 
debtor. In response, the creditor agency must notify the debtor in 
writing whether the proposed agreement is acceptable. In exercising its 
discretion, the creditor agency must balance the Government's interest 
in collecting the debt against fairness to the debtor.