Examples of Credit Control in a sentence
The amount of your agency’s obligated funds is available through the HUD Electronic Line of Credit Control System (eLOCCS).
Instructions for the use of eLOCCS are in Notice PIH 2002-28 (HA), Use of eLOCCS (electronic Line of Credit Control System) to Request Operating Subsidy Payments and Elimination of Form HUD-52721.
The final notice/ account will contain that the client may arrange to pay the outstanding balance in terms of the Credit Control Policy.
Any new arrears accumulated by the debtor (i.e. any amounts in excess of the indigent allowance for free basic services) whilst registered as an indigent consumer, will not qualify to be written off and must be dealt with strictly in accordance with the Municipality’s Credit Control Policy and Indigent Household Policy.
In accordance with 24 CFR §1000.342, Tribes with an initial allocation amount of $5 million or greater may be subject to a reduction depending on the amount they have in HUD's Line of Credit Control System (LOCCS) on the first day of FY 2023.