GFEBS Reimbursables - Debt Management fully solved 2023

GFEBS Reimbursables - Debt Management fully solved 2023 Within the reason status code group Ws, there are how many codes - correct answer One Debts are eligible to be transferred to the U.S. Treasury for collection if they are delinquent for more than _____. - correct answer 90 days _____ on delinquent debt are used to discourage delinquencies and encourage early payment of the debt in full. - correct answer Penalties For Treasury Reporting, non-delinquent debt that is scheduled to be collected is recorded as current in what time frame? - correct answer Within the next 12 month Within GFEBS, what is the interval for the automatic execution of the Dunning transaction code? - correct answer Daily Receivable invoices, for which waivers are requested, are _____ in GFEBS to prohibit calculation of interest during the waiver approval process - correct answer Flagged Remittances are applied in what sequential order to a debt? - correct answer Penalty, Fees, Interest, Principal Delinquent debts are organized into how many aging categories? - correct answer Seven Which of the following are no longer available for further collection activity? - correct answer Closed out The process of sending demand letters to debtors, at days 31 and 61, is called - correct answer Dunning Which debt management report displays customer open items by 30-day intervals? - correct answer Due Date Analysis for Open Items (S_ALR_) The Debt Collection Act of 1982 and Debt Collection Improvement Act of 1996 require interest, fees, and penalties on all non-federal delinquent receivables if payment of the debt is not made within _____ of the Dunning Notice date. - correct answer 60 days Which role is able to process the accrual of interest, penalty, and fees for all debts in GFEBS? - correct answer Debt Management Processor In accordance with installment plan guidelines, installment payments should be at least how much per month? - correct answer $25