Written demands for payment.

CFR · 2024-01-01 · US · Title 10

(a) The NRC shall make appropriate written demands upon the debtor for payment of money or the return of specific property in terms which specify: (1) The basis of the indebtedness and the right of the debtor to seek review within the NRC; (2) The amount claimed; (3) A description of any property which is to be returned by a date certain; (4) The date on which payment is to be made (which is normally the date the initial written demand letter statement was mailed or hand delivered, unless otherwise specified by contractual agreement, established by Federal statute or regulation, or agreed to under a payment agreement); (5) The applicable standards for assessing interest, penalties, and administrative costs under 31 CFR 901.9; (6) The applicable policy for reporting the delinquent debt to consumer reporting agencies; and (7) The name, address, and phone number of a contact person or office within the NRC will be included with each demand letter. (b) The NRC shall normally send two demand letters to debtors. The initial demand letter will be followed approximately 30 days later with a second demand letter, unless circumstances indicate that alternative remedies better protect the Government's interest, that the debtor has explicitly refused to pay, or that sending a further demand letter is futile. Depending upon the circumstances, the first and second demand letters may— (1) Offer or seek to confer with the debtor; (2) State the amount of the interest and penalties that will b

official document · source cfr-2024 · id 10:§ 15.21