Current through November 30, 2024
Section 15.55 - Reasons for terminating collection actionThe NRC may terminate collection activity when:
(a) The NRC is unable to collect any substantial amount through its own efforts or through the efforts of others;(b) The NRC is unable to locate the debtor;(c) Costs of collection are anticipated to exceed the amount recoverable,(d) The debt is legally without merit or enforcement of the debt is barred by any applicable statute of limitations;(e) The debt cannot be substantiated; or(f) The debt against the debtor has been discharged in bankruptcy. 67 FR 30323 , May 6, 2002