22 CFR § 1506.40 - What actions by the Agency are permitted after termination of collection activity?
---identifier: "/us/cfr/t22/s1506.40"source: "ecfr"legal_status: "authoritative_unofficial"title: "22 CFR § 1506.40 - What actions by the Agency are permitted after termination of collection activity?"title_number: 22title_name: "Foreign Relations"section_number: "1506.40"section_name: "What actions by the Agency are permitted after termination of collection activity?"chapter_name: "AFRICAN DEVELOPMENT FOUNDATION"part_number: "1506"part_name: "COLLECTION OF CLAIMS"positive_law: falsecurrency: "2026-03-24"last_updated: "2026-03-24"format_version: "1.1.0"generator: "[email protected]"authority: "Title V of the International Security and Development Cooperation Act of 1980, 22 U.S.C. 290h; 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 31 CFR part 285; 31 CFR 900-904; 5 CFR 550, subpart K; 31 U.S.C. 3720A."regulatory_source: "81 FR 95028, Dec. 27, 2016, unless otherwise noted."cfr_part: "1506"---
Identifier
/us/cfr/t22/s1506.40
Currency
2026-03-24
Positive Law
No
Updated
2026-03-24
Chapter
African Development Foundation
Authority
Title V of the International Security and Development Cooperation Act of 1980, 22 U.S.C. 290h; 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 31 CFR part 285; 31 CFR 900-904; 5 CFR 550, subpart K; 31 U.S.C. 3720... Title V of the International Security and Development Cooperation Act of 1980, 22 U.S.C. 290h; 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 31 CFR part 285; 31 CFR 900-904; 5 CFR 550, subpart K; 31 U.S.C. 3720A.
# 1506.40 What actions by the Agency are permitted after termination of collection activity?Termination ceases active collection of a debt. However, termination does not preclude the Agency from retaining a record of the account for purposes of:(a) Selling the debt if the CFO determines that such sale is in the best interests of USADF;(b) Pursuing collection at a subsequent date in the event there is a change in the debtor's status or a new collection tool becomes available;(c) Offsetting against future income or assets not available at the time of termination of collection activity; or(d) Screening future applicants for prior indebtedness.