Current through October 31, 2024
(a)Applicability. The provisions in this subpart apply to the collection of debts owed to the United States arising out of the Title I program. These debts include, but are not limited to:(1) Amounts owed on loans assigned to the United States by insured lenders as the result of defaults by borrowers;(2) Unpaid insurance charges owed by lenders; and(3) Unpaid obligations of lenders arising from repurchase demands.(b)Departmental debt collection regulations. Except as modified by this subpart, collection of debts arising out of the Title I program is subject to the Department's debt collection regulations in subpart C of 24 CFR part 17.