N.J. Admin. Code § 18:35-10.13

Current through Register Vol. 56, No. 23, December 2, 2024

Section 18:35-10.13 - Accounting to the claimant agency; credit to debtor's obligation

(a) Simultaneously with the transmittal of a check or credit for net proceeds collected to a claimant agency, the Division shall provide the agency with an accounting of the setoffs finalized for which payment is being made.

1. The accounting shall, whenever possible, include:

i. The full names of the debtors;

ii. The gross proceeds collected per individual setoff;

iii. The net proceeds collected per setoff; and

iv. The collection assistance fee charged per setoff.

(b) Upon receipt by a claimant agency of a check or credit representing net proceeds collected on a claimant agency's behalf by the Division and an accounting of the proceeds as specified under this section, the claimant agency shall credit the debtor's obligation with the gross proceeds collected.

(c) Under special circumstances and subject to the approval of the Director of the Office of Management and Budget, the Division may employ such alternative method of payment and billing as may be agreed upon with a claimant agency.

N.J. Admin. Code § 18:35-10.13

Amended by 48 N.J.R. 295(a), effective 2/16/2016