BASIC (07-03)

NL 00740.050 Installment Agreement

When a debtor is in RECOOP billing status, bills and notices are automatically sent out. The type of bill or notice sent depends on how the debtor is paying on the balance due.

When there is an installment agreement on record, the following bills or notices are sent:

  • Basic Bill - this bill is issued each month when a debtor is not overdue on his/her payment;

  • Installment - Did You Forget? - this is the first reminder bill sent when the debtor fails to make a payment;

  • Installment - Past Due Payment - this is the second reminder bill sent when a debtor fails to make a payment;

  • Basic Bill - Low Remittance - this is the regular bill sent if a debtor makes a timely payment for an amount less than the agreed installment amount;

  • Low Remittance - Did You Forget? - this is the first reminder bill sent when a debtor makes a partial payment for a prior month and is currently behind by at least one, but less than two, times the agreed installment amount;

  • Low Remittance - Past Due Payment - this is the second reminder bill sent when a debtor makes a partial payment for a prior month(s) and is currently behind by at least two, but less than three, times the agreed installment amount.

  • Call-In - this is the notice sent when a debtor has failed to respond to any of the reminder bills and owes at least three full installments.

  • Final Statement - this notice is sent when the final payment has been received and RECOOP shows a current balance of zero for all debts in the billing group.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0900740050
NL 00740.050 - Installment Agreement - 07/09/2003
Batch run: 01/27/2009
Rev:07/09/2003