22 CFR 309.23 - Discharge.

Regulations last checked for updates: Feb 07, 2026

Title 22 - Foreign Relations last revised: Dec 07, 2026

View all text of Subpart C [§ 309.12 - § 309.24]

§ 309.23 - Discharge.

Once a debt has been closed out for accounting purposes and collection has been terminated, the debt is discharged. Peace Corps will report discharged debt as income to the debtor to the Internal Revenue Service per 26 U.S.C. 6050P and 26 CFR 1.6050P-1.

authority: 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 22 U.S.C. 2503(b); 31 U.S.C. 3720A; 31 CFR part 285; 5 CFR 550, subpart K

source: 73 FR 18155, Apr. 3, 2008, unless otherwise noted.

cite as: 22 CFR 309.23