Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a delinquent debt?

debt delinquent
0
Posted

What is a delinquent debt?

0

A debt is delinquent if it has not been paid by the payment date or by the end of any grace period contractually provided. The date of delinquency is the payment due date for an installment payment and the date of mailing of notice for an administrative debt. The date of delinquency starts the clock for the 180-day period contained in the DCIA. • Are any debts exempt from offset under the Treasury Offset Program? Yes. Debts arising under the Internal Revenue Code and the tariff laws of the United States are not included in the Treasury Offset Program. Debts arising under the Social Security Act may be, but are not required to be, included in the Treasury Offset Program. Other statutory authority may preclude collection of certain other types of debt by administrative offset. • Can the U.S. Government collect money to pay debts owed to a State? Yes, only by administrative offset of federal payments and under certain circumstances. Under DCIA, administrative offset (i.e.

0

A debt is delinquent if it has not been paid by the payment date or by the end of any grace period contractually provided. The date of delinquency is the payment due date for an installment payment and the date of mailing of notice for an administrative debt. The date of delinquency starts the clock for the 180-day period contained in the DCIA. • Are any debts exempt from offset under the Treasury Offset Program? Yes. Debts arising under the Internal Revenue Code and the tariff laws of the United States are not included in the Treasury Offset Program. Debts arising under the Social Security Act may be, but are not required to be, included in the Treasury Offset Program. Other statutory authority may preclude collection of certain other types of debt by administrative offset. • Can the U.S. Government collect money to pay debts owed to a State? Yes, only by administrative offset of federal payments and under certain circumstances. Under DCIA, administrative offset (i.e., Treasury Offset

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.