29.518—Reporting delinquent debts to credit bureaus.
(a) Notice.
If a debtor's
response to the demand letter does not result in
payment in full, payment by offset, or payment in
accordance with a voluntary repayment agreement or
other repayment schedule acceptable to the
Benefits Administrator, and the debtor's rights
under § 29.512 through § 29.514 have been
exhausted, the Benefits Administrator must report
the debtor to a credit bureau. In addition, a
debtor's failure to make subsequent payments in
accordance with a repayment schedule must result
in a report to a credit bureau. Before making a
report to a credit bureau, the Benefits
Administrator must notify the debtor in writing
that—
(2)
The Benefits Administrator intends, after
60 days, to make a report as described in
paragraph (b) of this section to a credit
bureau;
(3)
The debtor's right to dispute the liability
has been exhausted under § 29.512 through §
29.514; and
(4)
The debtor may avoid having the Benefits
Administrator report the debtor to a credit bureau
by paying the debt in one lump sum or making
payments current under a repayment schedule.
(b) Report.
If, after being sent
the notice described in paragraph (a) of this
section, the debtor does not pay the overpayment
debt or make payments current under a repayment
schedule or fails to respond to the notice, and 60
days have elapsed since the notice was mailed, the
Benefits Administrator will report to a credit
bureau that the debtor is responsible for an
unpaid debt and provide the following
information:
(1)
The debtor's name, address, taxpayer
identification number, and any other information
necessary to establish the identity of the
individual;
(3)
The fact that the debt arose in connection
with the administration of Federal Benefit
Payments under a District Retirement Fund.
(c) Subsequent reports.
The
Benefits Administrator must update its report to
the credit bureau whenever it has knowledge of
events that substantially change the status or the
amount of the liability.
(d)
(CAIVRS)
eporting of delinquent
debts. Pursuant to 31 CFR 901.4, delinquent
overpayment debts should be reported to the
Department of Housing and Urban Development's
Credit Alert Interactive Voice Response System
(CAIVRS).
(e) Privacy Act considerations.
A
delinquent debt may not be reported under this
section unless a notice issued pursuant to the
Privacy Act, 5 U.S.C. 552a(e)(4), authorizes the
disclosure of information about the debtor to a
credit bureau or CAIVRS.