Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 44 - Emergency Management and Assistance |
Chapter I - Federal Emergency Management Agency, Department of Homeland Security |
SubChapter A - General |
Part 11 - Claims |
Subpart C - XXX |
§ 11.32 - Subdivision and joining of debts.
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(a) A debtor's liability arising from a particular transaction or contract shall be considered as a single debt in determining whether the debt is one not exceeding $100,000 or such higher limit prescribed by the Attorney General in accordance with 31 U.S.C. 3711(a)(2) exclusive of interest for the purpose of compromise or termination of collection action. Such a debt may not be subdivided to avoid the monetary ceiling established by the Act.
(b) Joining of two or more single debts in a demand upon a particular debtor for payment totaling more than $100,000 or such higher limit prescribed by the Attorney General in accordance with 31 U.S.C. 3711(a)(2) does not preclude compromise or termination of collection action with respect to any one of such debts that do not exceed $100,000 or such higher limit prescribed by the Attorney General in accordance with 31 U.S.C. 3711(a)(2) exclusive of interest.