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Code of Federal Regulations Title 20. Employees' Benefits § 20.340.15 Suspension or termination of collection action

Current as of January 02, 2025 | Updated by Findlaw Staff

Collection action on a Board claim may be suspended or terminated under the following conditions:

(a) Collection action on a Board claim may be suspended temporarily when the debtor cannot be located and there is reason to believe future collection action may be productive or collection may be effected by offset in the near future.

(b) Collection action may be terminated when:

(1) The debtor is unable to make any substantial payment;

(2) The debtor cannot be located and offset is too remote to justify retention of the claim;

(3) The cost of collection action will exceed the amount recoverable;

(4) The claim is legally without merit or cannot be substantiated by the evidence.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 20. Employees' Benefits § 20.340.15 Suspension or termination of collection action - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-20-employees-benefits/cfr-sect-20-340-15/

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