How will Treasury entities report Treasury debts to credit bureaus?
Treasury entities shall report delinquent Treasury debts to credit bureaus in
accordance with the provisions of 31 U.S.C. 3711(e), 31 CFR 901.4, and the Office of
Management and Budget Circular A-129, “Policies for Federal Credit Programs and
Nontax Receivables.” For additional information, see Financial Management Service's
“Guide to the Federal Credit Bureau Program,” which may be found at http://www.fms.treas.gov/debt. At least sixty (60) days prior to reporting a
delinquent debt to a consumer reporting agency, Treasury entities will send notice
to the debtor in accordance with the requirements of § 5.4 of this part. Treasury
entities may authorize the Financial Management Service to report to credit bureaus
those delinquent Treasury debts that have been transferred to the Financial
Management Service under § 5.9 of this part.
Title 31 published on 2012-07-01
no entries appear in the Federal Register after this date.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.