§1150.13. How will the Endowment contract for collection services?
45 C.F.R. § 1150.13
The Endowment will use the services of a private collection contractor where it determines that such use is in the best interest of the Endowment. When the Endowment determines that there is a need to contract for collection services, it will:
Retain sole authority to—
Resolve any dispute with the debtor regarding the validity of the debt;
Compromise the debt;
Suspend or terminate collection action;
Refer the debt to the DOJ for litigation; and
Take any other action under this part which does not result in full collection of the debt;
Require the contractor to comply with the Privacy Act of 1974, as amended, to the extent specified in 5 U.S.C. 552a(m); with the Fair Debt Collection Practices Act (15 U.S.C. 1692-1692o) and other applicable Federal and State laws pertaining to debt collection practices; and with the applicable regulations of the Endowment in this chapter;
Require the contractor to account accurately and fully for all amounts collected; and
Require the contractor to provide to the Endowment, upon request, all data and reports contained in its files related to its collection actions on a debt.
Notes, amendments, and revision history
Authority
Authority: 31 U.S.C. 3711, 3716-3718, 3720A; 5 U.S.C. 5514.
Source
Source: 65 FR 37486, June 15, 2000, unless otherwise noted.