§ 20.59. Assessment of administrative costs.
144 words·~1 min read·
/us/cfr/t29/s§ 20.59·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The Department of Labor agency responsible for collecting the claim shall assess against debtors charges to cover administrative costs incurred as a result of the delinquent debt; that is, the additional costs incurred in processing and handling the debt because it became delinquent. Calculation of administrative costs shall be based on cost analyses establishing an average of actual additional costs incurred by the agency in processing and handling claims against other debtors in similar stages of delinquency.
(b)In addition to assessing the costs listed in the administrative cost fee schedule, the responsible agency may include the costs incurred in obtaining a credit report or in using a private debt collector, to the extent they are attributable to delinquency.
(c)The Chief Financial Officer shall issue each year a schedule providing the costs associated with various common activities required to collect delinquent debts.