| Description: |
This system function receives, tracks and ages delinquent debt, ensures legal due process requirements are met, refers uncollectible debt to another government agency based upon business rules and liquidates delinquent debt upon collection. The system function receives a delinquent debt transaction, calculates all appropriate interest and penalty charges and initiates due process procedures. The delinquent debt is aged and a determination is made, based upon pre-established business rules, as to whether the debt is uncollectible. If it is determined that the debt is uncollectible, the debt is referred to another government agency (i.e. U.S. Treasury) by an analyst and write-off actions are initiated. This information is returned to the manage receivables function. Collection data will be sent upon collection of the delinquent debt and the system function will liquidate the debt. |