GroundRules
← Search the law
Federal regulations · Through 2026-08-25 · Newer source version available

22 CFR 1506.40: What actions by the Agency are permitted after termination of collection activity?

Read at publisher ↗
Where this section sits in the code
  1. Title 22—Foreign Relations
  2. CHAPTER XV—AFRICAN DEVELOPMENT FOUNDATION
  3. PART 1506—COLLECTION OF CLAIMS
  4. Subpart E—Suspension or Termination of Collection Action

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.

Collected 2026-08-27T02:24:49Z. Source file · JSON

Browse this collection