12 CFR § 1408.15 - Credit report.

---
identifier: "/us/cfr/t12/s1408.15"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1408.15 - Credit report."
title_number: 12
title_name: "Banks and Banking"
section_number: "1408.15"
section_name: "Credit report."
chapter_name: "FARM CREDIT SYSTEM INSURANCE CORPORATION"
part_number: "1408"
part_name: "COLLECTION OF CLAIMS OWED THE UNITED STATES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Sec. 5.58 of the Farm Credit Act (12 U.S.C. 2277a-7); 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 4 CFR parts 101-105; 5 CFR part 550."
regulatory_source: "59 FR 24899, May 13, 1994, unless otherwise noted."
cfr_part: "1408"
---


# 1408.15 Credit report.

In order to aid the Corporation in making appropriate determinations regarding the collection and compromise of claims; the collection of charges for interest, administrative costs, and penalties; the use of administrative offset; the use of other collection methods; and the likelihood of collecting the claim, the Corporation may institute, consistent with the provisions of the Fair Credit Reporting Act (15 U.S.C. 1681, *et seq.*), a credit investigation of the debtor immediately following a determination that the claim exists.