§ 400.459 - Indebtedness.

Link to an amendment published at 73 FR 76891, Dec. 18, 2008.

Any person who owes a debt to FCIC, or an approved insurance provider, arising from any program administered under the Act, and that debt is delinquent, will be ineligible to participate in all such programs until the debt is paid in full or the person enters into an agreement, acceptable to FCIC or the approved insurance provider, to repay the debt. If the person provides adequate evidence to demonstrate that the amount of debt is in dispute, the person's application will be accepted or their insurance will remain in effect, but no indemnity payment will be made, until the disputed issue is resolved between that person and FCIC or the approved insurance provider through the available appeal process.

Effective Date Note:

At 73 FR 76891, Dec. 18, 2008, § 400.459 was removed, effective January 20, 2009.