Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 32 - National Defense |
Subtitle A - Department of Defense |
Chapter V - Department of the Army |
SubChapter J - Real Property |
Part 644 - Real Estate Handbook |
Subpart F - Disposal |
Sale Procedure |
§ 644.546 - Credit.
Latest version.
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§ 644.546 Credit.
Payment of the purchase price over an extended period of time should be considered only when the price is a considerable amount, and it may be to the Government's interest to extend credit. Prior to offering property for sale on an extended payment plan basis, approval from DAEN-REM will be obtained. Extension of credit will be within the limitations of FPMR 101-47.304-4. Credit cannot be extended, except to state or local governments, nor can any other special condition be applied, unless provision was made for it in the Invitation for Bids.