Code of Federal Regulations (alpha)

CFR /  Title 15  /  Part 19  /  Sec. 19.8 When will Commerce entities suspend or terminate debt

If, after pursuing all appropriate means of collection, a Commerce entity determines that a Commerce debt is uncollectible, the Commerce entity may suspend or terminate debt collection activity in accordance with the provisions of 31 CFR part 903 and the Commerce entity's policies and procedures. Legal counsel approval to suspend or terminate collection on a Commerce debt is required as described in Department of Commerce Credit and Debt Management Operating Standards and Procedures Handbook (currently at http://www.osec.doc.gov/ofm/credit/cover.htm). Termination of debt collection activity by a Commerce entity does not discharge the indebtedness.