§1506.40. What actions by the Agency are permitted after termination of collection activity?
22 C.F.R. § 1506.40
Termination ceases active collection of a debt. However, termination does not preclude the Agency from retaining a record of the account for purposes of:
Selling the debt if the CFO determines that such sale is in the best interests of USADF;
Pursuing collection at a subsequent date in the event there is a change in the debtor's status or a new collection tool becomes available;
Offsetting against future income or assets not available at the time of termination of collection activity; or
Screening future applicants for prior indebtedness.
Notes, amendments, and revision history
Authority
Authority: Title V of the International Security and Development Cooperation Act of 1980, 22 U.S.C. 290h; 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 31 CFR part 285; 31 CFR 900-904; 5 CFR 550, subpart K; 31 U.S.C. 3720A.
Source
Source: 81 FR 95028, Dec. 27, 2016, unless otherwise noted.