What actions by the Agency are permitted after termination of collection activity?

22 C.F.R. § 1506.40
in effectEffective: 2024-07-01
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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.

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