CFR > Title 15 - Commerce and Foreign Trade > SUBTITLE A—Office of the Secretary of Commerce > PART 19—COMMERCE DEBT COLLECTION > SUBPART B—Procedures To Collect Commerce Debts (§19.4 to §19.19) > 19.7—When will Commerce entities compromise a Commerce debt?

19.7—When will Commerce entities compromise a Commerce debt?

If a Commerce entity cannot collect the full amount of a Commerce debt, the Commerce entity may compromise the Commerce debt in accordance with the provisions of 31 CFR part 902 and the Commerce entity's policies and procedures. Legal counsel approval to compromise a Commerce debt is required as described in Department of Commerce Credit and Debt Management Operating Standards and Procedures Handbook (currently at http://www.osec.doc.gov/ofm/credit/cover.htm ).