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- 2023 Edition
- Title 45. Public Welfare
- Subtitle B. Regulations Relating to Public Welfare
- Chapter XI. National Foundation On the Arts and the Humanities
- Subchapter D. National Endowment For the Humanities
- Part 1177. Claims Collection
- Subpart B. Standards For the Administrative Collection of Claims
45 C.F.R. § 1177.16 Collection In Installments
Library | Code of Federal Regulations |
Edition | 2023 |
Currency | Current through December 31, 2023 |
Citation | 45 C.F.R. § 1177.16 |
Year | 2023 |
(a) Whenever feasible, NEH will collect the total amount of a debt in one lump sum. If a debtor is financially unable to pay a debt in one lump sum, NEH may accept payment in regular installments. NEH will obtain financial statements from debtors who represent that they are unable to pay in one lump sum and independently verify such representations whenever possible (see § 1177.22(g) of this part). If NEH agrees to accept payments in regular installments, it will obtain a legally enforceable written agreement from the debtor that specifies all of the terms of the arrangement and that contains a provision accelerating the debt in the event of default.
(b) The size and frequency of installment payments will bear a reasonable relation to the size of the debt and the debtor's ability to pay. If possible, the...
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