Debt collection Treasury faces challenges in implementing its crossservicing initiative PDF Download
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Author: Publisher: DIANE Publishing ISBN: 1428970681 Category : Languages : en Pages : 34
Book Description
FMS has taken several steps to encourage agencies to refer eligible debt and increase collections. However, the results thus far have been limited partly due to much of the eligible debt not being promptly referred and the age of the debts referred generally being significantly older than 180 days delinquent. For example, our analysis of debts referred since the inception of the program though May 1999 showed that almost one half of the dollar value of the debts referred were over 4 years delinquent at the time of referral. FMS reported that approximately $46.4 billion of debts were delinquent over 180 days as of September 30, 1998. However, primarily due to a significant amount of these debts being reported by the agencies as excluded from cross-servicing requirements, through April 2000, FMS reported only about $3.7 billion has been cumulatively referred to it since the cross-servicing program began in September 1996. From the inception of the program through April 2000, FMS reported that about $54 million has been collected by its collectors and the PCAs on these referred debts.
Author: Publisher: DIANE Publishing ISBN: 1428970681 Category : Languages : en Pages : 34
Book Description
FMS has taken several steps to encourage agencies to refer eligible debt and increase collections. However, the results thus far have been limited partly due to much of the eligible debt not being promptly referred and the age of the debts referred generally being significantly older than 180 days delinquent. For example, our analysis of debts referred since the inception of the program though May 1999 showed that almost one half of the dollar value of the debts referred were over 4 years delinquent at the time of referral. FMS reported that approximately $46.4 billion of debts were delinquent over 180 days as of September 30, 1998. However, primarily due to a significant amount of these debts being reported by the agencies as excluded from cross-servicing requirements, through April 2000, FMS reported only about $3.7 billion has been cumulatively referred to it since the cross-servicing program began in September 1996. From the inception of the program through April 2000, FMS reported that about $54 million has been collected by its collectors and the PCAs on these referred debts.
Author: Gary T. Engel Publisher: DIANE Publishing ISBN: 9780756708559 Category : Law Languages : en Pages : 60
Book Description
Addresses the U.S. Dept. of the Treasury's Financial Management Service's (FMS) implementation of the cross-servicing provision of the Debt Collection Improvement Act of 1996. The report notes that for FMS' cross-servicing program to become a fully implemented & mature program, many challenges must be overcome to assure success in the collection of delinquent debt. The report contains recommendations to the Commissioner of FMS to assist FMS in implementing a viable cross-servicing operation. The objectives, scope, & methodology are included, as well a testimony on June 8, 2000 before the U.S. House of Representatives.
Author: Gary T. Engel Publisher: DIANE Publishing ISBN: 9780756725495 Category : Business & Economics Languages : en Pages : 62
Book Description
The Debt Collection Improvement Act (DCIA) of 1996 established a framework for improved federal debt collection governmentwide using various debt collection tools. One of these tools is administrative wage garnishment (AWG), which DCIA authorizes, but does not require, agencies to use. This report provides more detailed information on the extent to which nine large Chief Financial Officers (CFO) Act agencies use or plan to use AWG to collect delinquent nontax federal debt, as well as the General Accounting Office's (GAO) perspective on additional efforts that are needed to make AWG a more effectively & commonly used debt collection tool. Also includes a 3g-page GAO report, Single Audit: Survey of CFO Act Agencies.Ó
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Author: United States. General Accounting Office
Author: Gary T. Engel
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Author: United States Accounting Office (GAO)
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Author: Gary T. Engel
Author: United States. General Accounting Office