§ 1506.40. What actions by the Agency are permitted after termination of collection activity?
92 words·~1 min read·
/us/cfr/t22/s§ 1506.40·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.