Regulations last checked for updates: May 14, 2024

Title 38 - Pensions, Bonuses, and Veterans' Relief last revised: May 10, 2024
§ 1.970 - Standards for compromise.

Decisions of the Committee respecting acceptance or rejection of a compromise offer shall be in conformity with the standards in §§ 1.930 through 1.936. In loan guaranty cases the offer of a veteran or other obligor to effect a compromise must relate to an indebtedness established after the liquidation of the security, if any, and shall be reviewed by the Committee. An offer to effect a compromise may be accepted if it is deemed advantageous to the Government. A decision on an offer of compromise may be revised or modified on the basis of any information which would warrant a change in the original decision.

(Authority: 31 U.S.C. 3711; 38 U.S.C. 501,3720,Oct. 17, 1979, as amended at 69 FR 62202, Oct. 25, 2004]
authority: Sections 1.500 to 1.527 issued under 72 Stat. 1114, 1236, as amended; 38 U.S.C. 501,5701
source: 40 FR 33944, Aug. 12, 1975, unless otherwise noted.
cite as: 38 CFR 1.970