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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter IV - Federal Crop Insurance Corporation, Department of Agriculture |
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Part 400 - General Administrative Regulations |
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Subpart K - Debt Management - Regulations for the 1986 and Succeeding Crop Years |
§ 400.126 - Referral of delinquent debts to contract collection agencies.
Latest version.
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§ 400.126 Referral of delinquent debts to contract collection agencies.
(a) FCIC shall use the services of a contract collection agency which has entered into a contract with the General Services Administration to recover debts owed to FCIC.
(b) If FCIC's collection efforts have been unsuccessful on a delinquent debt, and the delinquent debt remains unpaid, FCIC may refer the debt to a contract collection agency for collection.
(c) FCIC shall retain the authority to resolve disputes, compromise claims, suspend or terminate collection action, and refer the matter for litigation.