12 CFR § 1208.45 - Refunds.

---
identifier: "/us/cfr/t12/s1208.45"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1208.45 - Refunds."
title_number: 12
title_name: "Banks and Banking"
section_number: "1208.45"
section_name: "Refunds."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "A"
subchapter_name: "ORGANIZATION AND OPERATIONS"
part_number: "1208"
part_name: "DEBT COLLECTION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 5514; 12 U.S.C. 4526; 26 U.S.C. 6402(d); 31 U.S.C. 3701-3720D; 31 CFR 285.2; 31 CFR Chapter IX."
cfr_part: "1208"
---


# 1208.45 Refunds.

FHFA shall refund promptly those amounts recovered by administrative offset but later found not to be owed to the Federal Government. Unless required by law or contract, such refunds shall not bear interest.