38 C.F.R. § 1.970

Current through November 30, 2024

Section 1.970 - Standards for compromise

Decisions of the Committee respecting acceptance or rejection of a compromise offer shall be in conformity with the standards in §§ 1.930 through 1.936 . In loan guaranty cases the offer of a veteran or other obligor to effect a compromise must relate to an indebtedness established after the liquidation of the security, if any, and shall be reviewed by the Committee. An offer to effect a compromise may be accepted if it is deemed advantageous to the Government. A decision on an offer of compromise may be revised or modified on the basis of any information which would warrant a change in the original decision.

38 C.F.R. §1.970

44 FR 59907, Oct. 17, 1979, as amended at 69 FR 62202 , Oct. 25, 2004

Authority: 31 U.S.C. 3711 ; 38 U.S.C. 501 , 3720