The Debt Collection Act Clause Samples
The Debt Collection Act clause establishes the procedures and legal framework for collecting debts owed to the government or other entities. It typically outlines the methods by which debts can be pursued, such as through administrative offset, wage garnishment, or reporting to credit bureaus, and may set requirements for notifying debtors and providing opportunities to dispute the debt. The core function of this clause is to ensure that debt recovery is conducted in a standardized, fair, and legally compliant manner, thereby protecting both the creditor's right to collect and the debtor's right to due process.
The Debt Collection Act. When the Federal Government uses the procedures of the Debt Collection Act of 1982, as amended, 31 U.S.C. § 3701 et seq., to collect claims or debts owed by the Recipient for any reason authorized under that Act (including excess payments and disallowed costs), the Recipient agrees that the amount of interest it will owe will be determined by: Administrative Collection of Claims,” 31 C.F.R. part 900, specifically 31 C.F.R. § 901.9(a) – (g), or
The Debt Collection Act. When the Federal Government uses the procedures of the Debt Collection Act of 1982, as amended, 31 U.S.C. § 3701 et seq., to collect claims or debts owed by the Recipient for any reason authorized under that Act (including excess payments and disallowed costs), the Recipient agrees that the amount of interest it will owe will be determined by the Joint U.S. Treasury and U.S. DOJ regulations, “Standards for the Administrative Collection of Claims,” 31 C.F.R. part 900, specifically 31 C.F.R. § 901.9(a) – (g), or common law interest authorized by 31 C.F.R. § 901.9(i), as the Federal Government determines.