[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

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

[CITE: 24CFR17.62]



[Page 214]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 17_ADMINISTRATIVE CLAIMS--Table of Contents

 

   Subpart C_Procedures for the Collection of Claims by the Government

 

Sec.  17.62  Subdivision and joining of claims.



    (a) A debtor's liability arising from a particular transaction or 

contract shall be considered as a single claim in determining whether 

the claim is one not exceeding $100,000 exclusive of interest for the 

purpose of compromise or termination of collection action. Such a claim 

may not be subdivided to avoid the monetary ceiling established by the 

Act.

    (b) Joining of two or more single claims in a demand upon a 

particular debtor for payment totaling more than $100,000 does not 

preclude compromise or termination of collection action with respect to 

any one of such claims that does not exceed $100,000 exclusive of 

interest.



[59 FR 34579, July 6, 1994]