Overpayment Debt Law and Legal Definition
According to 31 CFR 29.502 [Title 31 -- Money and Finance: Treasury; Subtitle A -- Office of the Secretary of the Treasury; Part 29 -- Federal Benefit Payments Under Certain District of Columbia Retirement Programs; Subpart E -- Debt Collection and Waivers of Collection], overpayment debt means “a payment of one or more Federal Benefit Payments to an individual in the absence of entitlement or in excess of the amount to which an individual is properly entitled.”
