Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 22 - Foreign Relations |
Chapter XIII - Millennium Challenge Corporation |
Part 1306 - Debt Collection |
Subpart A - General Provisions |
§ 1306.24 - Refunds.
Latest version.
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§ 1306.24 Refunds.
(a) MCC will refund promptly to the appropriate individual amounts offset under this part when:
(1) A debt is waived or otherwise found not owing the United States (unless expressly prohibited by statute or regulation); or
(2) MCC is directed by an administrative or judicial order to make a refund.
(b) Refunds do not bear interest unless required or permitted by law or contract.