Common use of Credit of Collections to Debt Balance Clause in Contracts

Credit of Collections to Debt Balance. The Creditor Agency has notified Fiscal Service, via an Update Record, of any changes to the Debt’s balance as a result of collections received directly by the Creditor Agency.

Credit of Collections to Debt Balance. The Creditor Agency has notified Fiscal Service, via an Update Record, of any changes to the Debt’s balance as a result of collections received directly by the Creditor Agency, outside of the Treasury Offset Program.