Code of Federal Regulations · Section
§ 1506.40 — What Actions By The Agency Are Permitted After Termination Of Collection Activity?
22 C.F.R. § 1506.40
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Termination ceases active collection of a debt. However, termination does not preclude the Agency from retaining a record of the account for purposes of:
(a) Selling the debt if the CFO determines that such sale is in the best interests of USADF;
(b) 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;
(c) Offsetting against future income or assets not available at the time of termination of collection activity; or
(d) Screening future applicants for prior indebtedness.
Authorizing Statute
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Installment deduction for indebtedness to the United States5 U.S.C. § 5514
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Reduction of tax refund by amount of debt31 U.S.C. § 3720A
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Congressional findings22 U.S.C. § 290h