FCC 1.1915 Revised as of October 1, 2006
Goto Year:2005 |
2007
Sec. 1.1915 Exploration of compromise.
The Commission may attempt to effect compromise, preferably during the
course of personal interviews, in accordance with the standards set forth in
part 902 of the Federal Claims Collection Standards (31 CFR part 902). The
Commission will also consider a request submitted by the debtor to
compromise the debt. Such requests should be submitted in writing with full
justification of the offer and addressing the bases for compromise at 31 CFR
902.2. Debtors will provide full financial information to support any
request for compromise based on the debtor's inability to pay the debt.
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 Commission
will evaluate an offer, using the factors set forth in 31 CFR 902.2 and, as
appropriate, refer the offer with the appropriate financial information to
the Department of Justice. Department of Justice approval is not required if
the Commission rejects a compromise offer.
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