22 CFR 1506.40
§ 1506.40 What actions by the Agency are permitted after termination of collection activity?
United States · 22 CFR — Foreign Relations · Status: effective
Cite this
- Citation
- 22 CFR 1506.40, § 1506.40 What actions by the Agency are permitted after termination of collection activity?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/96184
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.