CFR > Title 12 - Banks and Banking > CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION > SUBCHAPTER B—REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION (parts 790 to 797) > PART 797—PROCEDURES FOR DEBT COLLECTION > SUBPART A—Scope, Purpose, Definitions and Delegation of Authority (§797.1 to §797.4) > 797.4—Delegation of authority.

797.4—Delegation of authority.

Authority to conduct the following activities is delegated to the Executive Director to:
(a) Initiate and carry out the debt collection process on behalf of NCUA, in accordance with the FCCS;
(b) Accept or reject compromise offers, suspend, terminate or waive collection actions to the full extent of NCUA's legal authority under 12 U.S.C. 1752(a) and 1789; 31 U.S.C. 3711, and any other applicable statute or regulation.
(c) Report to consumer reporting agencies certain data pertaining to delinquent debts, where appropriate;
(d) Use offset procedures, including administrative and salary offset, to collect debts; and
(e) Take any other action necessary to promptly and effectively collect debts owed to the government in accordance with the policies contained herein and as otherwise provided by law.