38 CFR 1.970 : Pensions, Bonuses, And Veterans' Relief (§ 0.600 To Parts 201-299) — (§ 0.600 To § 17.3130) — Department Of Veterans Affairs (§ 0.600 To § 17.3130) — General Provisions (§ 1.9 To § 1.1000) — Referrals To Gao, Department Of Justice, Or Irs (§ 1.950 To § 1.970) — Standards for compromise.

4 Aug 2016

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)
38 CFR 1.970
[44 FR 59907, Oct. 17, 1979, as amended at 69 FR 62202, Oct. 25, 2004]