Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter XVII - Office of Federal Housing Enterprise Oversight, Department of Housing and Urban Development |
SubChapter A - OFHEO Organization and Functions |
Part 1704 - DEBT COLLECTION |
Subpart B - Salary Offset |
§ 1704.27 - Notice of salary offset where OFHEO is the paying agency.
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(a)
Notice. Upon issuance of a proper certification by OFHEO (for debts owed to OFHEO) or upon receipt of a proper certification from another creditor agency, OFHEO shall send the employee a written notice of salary offset.(b)
Content of notice. Such written notice of salary offset shall advise the employee of the:(1) Certification that has been issued by OFHEO or received from another creditor agency;
(2) Amount of the debt and of the deductions to be made; and
(3) Date and pay period when the salary offset will begin.
(c) If OFHEO is not the creditor agency, OFHEO shall provide a copy of the notice of salary offset to the creditor agency and advise the creditor agency of the dollar amount to be offset and the pay period when the offset will begin.