2025 Session
Last amended: 1995 session
§ 16D.15 — Compromise of Debt
Plain-Language Summary
This section allows the state to settle debts for less than the full amount owed (compromise) when it makes financial sense to do so.
16D.15 COMPROMISE OF DEBT.
Unless expressly prohibited by other federal or state law, a state agency may compromise debts owed to the state, whether reduced to judgment or not, where the state agency determines that it is in the best interests of the state to do so.
History:
History: History:
1995 c 254 art 5 s 13
Practical Notes
In some cases, the state may agree to accept less than the full amount you owe. This typically happens when the state determines it is unlikely to collect the full debt through other means.