14522663, 69I-21.003 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 14522663

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Accounting and Auditing

Chapter:

AUDIT AND ADJUSTMENT OF ACCOUNTS AND RECOVERY OF ACCOUNTS RECEIVABLE

Overview

RULE:

69I-21.003

Procedure for Collection of Delinquent Accounts

PURPOSE:

Section 17.20, F.S., authorizes the Chief Financial Officer (CFO) to assign the collection of any claim due to the state to a registered collection agent if it is determined to be cost effective. Section 17.20, F.S., requires each agency to exercise due diligence in securing the full payment of all accounts receivable and other claims due to the state. Each agency is required to report delinquent accounts receivable as directed by the CFO to the appropriate collection agent for further action after the agency exhausts the lawful measures available to it and no later than 120 days after the date on which the account or claim was due and payable. The proposed amendments will update the rule to incorporate these changes.

SUMMARY:

Rule 69I-21.003, F.A.C., is amended to provide that each agency exercise due diligence in securing the full payment of all accounts and claims due to the state. Agencies shall establish, document and maintain policies and procedures which fully explain the process of exercising due diligence. Agencies assigning accounts to a debt collection agent contracted by the CFO must complete and submit a Debt Collection Referral Form (Form DFS-A1-1829) to the debt collection agent. Agencies must regularly monitor collection activities on accounts assigned to a debt collection agent and verify the accuracy of amounts collected and the related collection fee.

RULEMAKING AUTHORITY:

17.29 FS

LAW:

17.03, 17.04, 17.20 FS

PRINT PUBLISH DATE:

5/6/2014 Vol. 40/88

COMMENTS:

From 5/6/2014 To 5/27/2014 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.