cfr_sections: 40:40:1.0.1.1.13.4.1.3
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| section_id | title_number | title_name | chapter | subchapter | part_number | part_name | subpart | subpart_name | section_number | section_heading | agency | authority | source_citation | amendment_citations | full_text |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40:40:1.0.1.1.13.4.1.3 | 40 | Protection of Environment | I | A | 13 | PART 13—CLAIMS COLLECTION STANDARDS | D | Subpart D—Compromise of Debts | 13.26 | § 13.26 Payment of compromised claims. | EPA | 5 U.S.C. 552a, 5512, and 5514; 31 U.S.C. 3711 et seq. and 3720A; 4 CFR parts 101-10. | 53 FR 37270, Sept. 23, 1988, unless otherwise noted. | The Administrator normally will not approve a debtor's request to pay a compromised claim in installments. However, where the Administrator determines that payment of a compromise by installments is necessary to effect collection, a debtor's request to pay in installments may be approved. Normally, where installment repayment is approved, the debtor will be required to execute a confess-judgment agreement which accelerates payment of the balance due upon default. |