Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 17 - Commodity and Securities Exchanges |
Chapter I - Commodity Futures Trading Commission |
Part 143 - Collection of Claims Owed the United States Arising from Activities Under the Commission'S Jurisdiction |
Subpart A - General Provisions |
§ 143.5 - Collection by compromise.
Latest version.
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§ 143.5 Collection by compromise.
The Commission may settle claims not exceeding $100,000 (excluding interest) by compromise at less than the principal amount of the claim if -
(a) The debtor shows an inability to pay the full amount within a reasonable period of time;
(b) The Government would be unable to enforce collection in full through litigation or administrative means within a reasonable period of time;
(c) The cost of collecting the claim in full is not justified by the amount of the claim; or
(d) The Commission's enforcement policy would be served by settlement of the claim for less than the full amount.
[50 FR 5384, Feb. 8, 1985, as amended at 57 FR 61292, Dec. 24, 1992]