Regulations last checked for updates: May 10, 2024

Title 40 - Protection of Environment last revised: Jun 26, 2024
§ 13.26 - Payment of compromised claims.

The Administrator normally will not approve a debtor's request to pay a compromised claim in installments. However, where the Administrator determines that payment of a compromise by installments is necessary to effect collection, a debtor's request to pay in installments may be approved. Normally, where installment repayment is approved, the debtor will be required to execute a confess-judgment agreement which accelerates payment of the balance due upon default.

source: 53 FR 37270, Sept. 23, 1988, unless otherwise noted.
cite as: 40 CFR 13.26