Arkansas Code § 26-36-317 - Accounting of Payments

(a) (1) Simultaneously with the transmittal of a check for net proceeds collected to a claimant agency, the Revenue Division of the Department of Finance and Administration shall provide the claimant agency with an accounting of the setoffs finalized for which payment is being made.

(2) The accounting shall, whenever possible, include:

(A) The full names of the debtors;

(B) The debtors' social security numbers;

(C) The gross proceeds collected per individual setoff;

(D) The net proceeds collected per setoff; and

(E) The collection assistance fee charged per setoff.

(b) Upon receipt by a claimant agency of a check 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.

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Last modified: November 15, 2016