Providing Notice to Delinquent Farm Loan Program Borrowers of the Potential for Cross-Servicing
farm-program · Rural Housing Service · Rule · Published 1999-11-18 · Effective 1999-11-18 · 64 FR 62971
Document
Document number
99-29866
Federal Register citation
64 FR 62971
CFR reference
7 CFR 1951
Type
Rule
Action
Final rule.
Category
farm-program
Sub-agency
Rural Housing Service
Publication date
1999-11-18
Effective date
1999-11-18
Abstract
The Debt Collection Improvement Act of 1996 requires Federal agencies to transfer delinquent nontax debt to the Department of the Treasury for debt collection action, known as cross-servicing. The Farm Service Agency is revising to provide notice to delinquent Farm Loan Program borrowers of the potential for referral of their debt for cross-servicing. The revisions also establish time limits for applying for debt settlement in order to implement the Government wide cross- servicing program.