[Code of Federal Regulations]
[Title 45, Volume 4]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 45CFR2506.10]

[Page 560]
 
                        TITLE 45--PUBLIC WELFARE
 
       CHAPTER XXV--CORPORATION FOR NATIONAL AND COMMUNITY SERVICE
 
PART 2506_COLLECTION OF DEBTS--Table of Contents
 
                      Subpart B_General Provisions.
 
Sec. 2506.10  Will the Corporation use its cross-servicing agreement 
with Treasury to collect its debts?


    (a) The Corporation entered into a cross-servicing agreement on 
March 26, 1999, with Treasury Financial Management Services (FMS) that 
authorizes the Treasury to take the collection actions described in this 
part on behalf of the Corporation (see Sec. 2506.3). The Corporation 
will refer debts or groups of debts to FMS for collection action. The 
debt collection procedures that the Treasury FMS uses are based on 31 
U.S.C. chapter 37 and this part.
    (b) The Corporation must transfer to the Treasury any debt that has 
been delinquent for a period of 180 days or more, so that the Secretary 
of the Treasury may take appropriate action to collect the debt or 
terminate collection action. This is pursuant to Sec. 901.3 of the 
FCCS.
    (c) Paragraph (b) of this section will not apply to any debt or 
claim that:
    (1) Is in litigation or foreclosure;
    (2) Will be disposed of under an approved asset sales program;
    (3) Has been referred to a private collection contractor for 
collection for a period of time acceptable to the Secretary of the 
Treasury;
    (4) Is at a debt collection center for a period of time acceptable 
to the Secretary of the Treasury;
    (5) Will be collected under internal offset procedures within 3 
years after the date the debt or claim is first delinquent; or
    (6) Is exempt from this requirement based on a determination by the 
Secretary of the Treasury.