5 CFR § 1639.29 - Refunds.

---
identifier: "/us/cfr/t5/s1639.29"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "5 CFR § 1639.29 - Refunds."
title_number: 5
title_name: "Administrative Personnel"
section_number: "1639.29"
section_name: "Refunds."
chapter_name: "FEDERAL RETIREMENT THRIFT INVESTMENT BOARD"
part_number: "1639"
part_name: "CLAIMS COLLECTION"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 8474 and 31 U.S.C. 3711, 3716, 3720A, and 3720D."
regulatory_source: "62 FR 49417, Sept. 22, 1997, unless otherwise noted."
cfr_part: "1639"
---


# 1639.29 Refunds.

(a) If the Board is the creditor agency, it will promptly refund any amount deducted under the authority of 5 U.S.C. 5514, when:

(1) The debt is waived or all or part of the funds deducted are otherwise found not to be owed; or

(2) An administrative or judicial order directs the Board to make a refund.

(b) Unless required or permitted by law or contract, refunds under this section will not bear interest.