other · Fiscal Service · Rule · Published 1998-04-02 · Effective 1998-04-02 · 63 FR 16354
Document
Document number
98-8453
Federal Register citation
63 FR 16354
CFR reference
31 CFR 285
Type
Rule
Action
Interim rule with request for comments.
Category
other
Sub-agency
Fiscal Service
Publication date
1998-04-02
Effective date
1998-04-02
Abstract
The Debt Collection Improvement Act of 1996 (DCIA) requires Federal agencies to transfer any nontax debt which is over 180 days delinquent to the Department of the Treasury for debt collection action; this is known as ``cross-servicing.'' This rule establishes the procedures and criteria for transferring delinquent debt to the Department of the Treasury, explains the statutory exceptions to this requirement, and establishes standards under which the Secretary of the Treasury will make a determination whether or not to grant exemptions. This rule also mandates that agencies refer debts to private collection contractors and to debt collection centers in accordance with procedures established by the Financial Management Service.