[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR902.1]



[Page 968]

 

                  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.



    (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.