Transcription of Chapter 6 Delinquent Debt Collection
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Chapter 6 Delinquent debt Collection 6-1 Overview Agencies should have fair but aggressive programs to recover Delinquent debt , including defaulted guaranteed loans acquired by the Federal Government. Each program should include a debt Collection strategy, consistent with governmentwide and agency requirements, to restore the Delinquent debts to current status or, if unsuccessful, maximize Collection on the agency's accounts. The strategy should further promote the resolution of delinquencies as quickly as possible, since the ability of an agency to collect its Delinquent debts will generally decrease as the debts become older.
Chapter 6 Delinquent Debt Collection 6-1 Overview Agencies should have fair but aggressive programs to recover ... or in equity by a party against the United States, its agencies, its officers, or any other person. ... performance-based private collection agency
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