Providing Notice to Delinquent Farm Loan Program Borrowers of the Potential for Cross-Servicing

Resumo

The Debt Collection Improvement Act of 1996 requires Federal agencies to transfer delinquent nontax debt to the Department of the Treasury for debt collection action, known as cross-servicing. The Farm Service Agency is revising to provide notice to delinquent Farm Loan Program borrowers of the potential for referral of their debt for cross-servicing. The revisions also establish time limits for applying for debt settlement in order to implement the Government wide cross- servicing program.