38 C.F.R. § 1.970

Standards for compromise

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

Notes of Decisions

Cited in 2 cases, 1992–1994 · leading case: United States v. Davis, 961 F.2d 603 (7th Cir. 1992).

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United States v. Davis, 961 F.2d 603 (7th Cir. 1992). “…See Pub.L. No. 100-687, §§ 301, 402. If a waiver is denied, the veteran may seek to compromise the debt with the VA. 38 C.F.R. § 1.970 .”

Vail v. Brown, 841 F. Supp. 909 (D. Minnesota 1994). “The veteran may then seek further review before the Court of Veterans Appeals and the Court of Appeals for the Federal Circuit.”

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