Common use of Changes to Debt Information Clause in Contracts

Changes to Debt Information. 1. The Creditor Agency understands its obligation to notify Fiscal Service: (a) of any change in the amount, validity, or legal enforceability of the Debt; and (b) if the Debt becomes subject to circumstances that legally preclude or bar collection. 2. The Creditor Agency authorizes Fiscal Service to Update Records on its behalf, in accordance with criteria established by Fiscal Service, including without limitation for the purpose of adding alias Debtor name information for a Debt certified by the Creditor Agency. The Creditor Agency will notify Fiscal Service as soon as it learns that any such update is incorrect.

Changes to Debt Information. 1. The Creditor Agency understands its obligation to notify Fiscal Service: (a) of any change in the amount, validity, or legal enforceability of the Debt; and (b) if the Debt becomes subject to circumstances that legally preclude or bar collection. 2. The Creditor Agency authorizes Fiscal Service to Update Records on its behalf, in accordance with criteria established by Fiscal Service, including without limitation for the purpose of adding alias Debtor name information for a Debt certified by the Creditor Agency. The Creditor Agency will notify Fiscal Service as soon as it learns that any such update is updates are incorrect.

Changes to Debt Information. 1. The Creditor Agency understands its obligation to notify Fiscal Service: (a) of any change in the amount, validity, or legal enforceability of the Debt; and (b) if the Debt becomes subject to circumstances that legally preclude or bar collection. 2. The Creditor Agency authorizes Fiscal Service to Update Records on its behalf, in accordance with criteria established by Fiscal Service, including without limitation for the purpose of adding alias Debtor name information for a Debt certified by the Creditor Agency. The Creditor Agency will notify Fiscal Service as soon as it learns that any such update is updates are incorrect.