USAID reports delinquent debts owed to it to appropriate credit-reporting bureaus through the cross-servicing agreement with the Bureau of the Fiscal Service (Fiscal Service) at the U.S. Department of the Treasury.
(a) The following information is provided to the credit reporting bureaus:
(1) A statement that the claim is valid and is overdue;
(2) The name, address, taxpayer identification number and any other information necessary to establish the identity of the debtor;
(3) The amount, status and history of the debt; and
(4) The program or pertinent activity under which the debt arose.
(b) Before referring claims to Fiscal Service and disclosing debt information to credit-reporting bureaus, USAID will have done the following:
(1) Taken reasonable action to locate the debtor if a current address is not available; and
(2) If a current address is available, notified the debtor in writing that:
(i) The designated USAID official has reviewed the claim and has determined that it is valid and overdue;
(ii) If the debtor does not pay the debt 90 days after receiving the initial written demand-for-payment notice, USAID intends to refer the debt to Fiscal Service and disclose to a credit-reporting agency the information authorized for disclosure by this subpart; and
(iii) The debtor can request an Agency review or waiver, where applicable.
(c) Before submitting information to a credit-reporting bureau, USAID will provide a written statement to Fiscal Service that the Agency has taken all required actions. Additionally, Fiscal Service thereafter will update the accounts as necessary during the period it holds the account information.
[67 FR 47258, July 18, 2002, as amended at 86 FR 31143, June 11, 2021]