StacksVerified U.S. regulatory reference

45 CFR §1150.13

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The Endowment will use the services of a private collection contractor where it determines that such use is in the best interest of the Endowment. When the Endowment determines that there is a need to contract for collection services, it will:
  1. (a)Retain sole authority to:
    1. (1)Resolve any dispute with the debtor regarding the validity of the debt;
    2. (2)Compromise the debt;
    3. (3)Suspend or terminate collection action;
    4. (4)Refer the debt to the DOJ for litigation; and
    5. (5)Take any other action under this part which does not result in full collection of the debt;
  2. (b)Require the contractor to comply with the Privacy Act of 1974, as amended, to the extent specified in 5 U.S.C. 552a(m); with the Fair Debt Collection Practices Act (15 U.S.C. 1692-1692o) and other applicable Federal and State laws pertaining to debt collection practices; and with the applicable regulations of the Endowment in this chapter;
  3. (c)Require the contractor to account accurately and fully for all amounts collected; and
  4. (d)Require the contractor to provide to the Endowment, upon request, all data and reports contained in its files related to its collection actions on a debt.