CFR > Title 17 - Commodity and Securities Exchanges > CHAPTER II—SECURITIES AND EXCHANGE COMMISSION > PART 204—RULES RELATING TO DEBT COLLECTION > SUBPART A—Administrative Offset (§204.1 to §204.12-204.29) > 204.5—Debtor's failure to respond.

204.5—Debtor's failure to respond.

If the debtor fails to respond to the notice described in § 204.4(a) by the proposed effective date specified in the notice, the Commission may take further action under this section or under the Federal Claims Collection Standards ( 31 CFR 901.3 ). The commission may collect by administrative offset if the debtor:
(a) Has not made payment by the payment due date;
(b) Has not requested a review of the claim within the agency as set out in § 204.6; or
(c) Has not made an arrangement for payment by the payment due date.

Code of Federal Regulations

[58 FR 64370, Dec. 7, 1993, as amended at 66 FR 54130, Oct. 26, 2001]