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What is the U.S. Treasury Offset Program?

Military Retirement Garnished, Retirement Benefits Garnished, SBA-loan-default, Social Security Benefits Garnished, Treasury Offset Program, Wage Garnishment

Question. What is the Treasury Offset Program Answer.The Treasury Offset Program (TOP) is a centralized offset program, administered by the Bureau of the Fiscal Service's Debt Management Services (DMS), to collect delinquent debts owed to federal agencies and states,...

What can the Treasury take to satisfy a defaulted SBA loan balance?

IRS Tax Refund, Military Retirement Garnished, Retirement Benefits Garnished, SBA-loan-default, Social Security Benefits Garnished, Treasury Offset Program, Wage Garnishment

Question.What can the Treasury take to satisfy a defaulted SBA loan balance? Answer. The Treasury Offset Program is not subject to a statute of limitations and can collect on the defaulted SBA loan indefinitely. The Treasury can, among other things, garnish wages,...

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