§ 15.55. Reasons for terminating collection action.

91 words·~1 min read·/us/cfr/t10/s§ 15.55·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The NRC may terminate collection activity when:

(a)The NRC is unable to collect any substantial amount through its own efforts or through the efforts of others;

(b)The NRC is unable to locate the debtor;

(c)Costs of collection are anticipated to exceed the amount recoverable,

(d)The debt is legally without merit or enforcement of the debt is barred by any applicable statute of limitations;

(e)The debt cannot be substantiated; or

(f)The debt against the debtor has been discharged in bankruptcy. [67 FR 30323, May 6, 2002]

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§ 15.55

Reasons for terminating collection action.

C.F.R.×1

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