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Debt Collection Bill Would Require Grace Period During Emergencies.(Brief Article)
Representative Bradley Sherman, D-Calif., has introduced House Resolution 3891, which would amend the Fair Debt Collection Practices Act. It would provide for grace periods when debt payments are mailed during national emergencies.
Under the bill, when a national emergency has been declared, and any disruption of the mail has occurred as a consequence, the secretary of the Treasury will have the authority to designate a grace period for the specified region experiencing the mail disruption.
The grace period would apply to debt payments mailed to or from the specified region and would consist of the entire period of mail disruption, plus some additional period after the end of the disruption.
The secretary would determine any additional period, not to exceed seven days. The secretary would also be empowered to extend it thereafter, repeatedly if ...
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- Magazine article from: Hawaii Business Youn, Jacy L. April 1, 2003 700+ words
...maintaining amicable relations, it benefits business owners to be mindful of time limits. The average business allows a 30-day grace period for accounts receivable, and anything beyond that is considered past due. But penny-pinching small-business owners...
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- Magazine article from: Employee Benefit News September 15, 2006 700+ words
...issued Notice 2005-42, which created a grace period of up to two months and 15 days to address...Although some employers embraced the grace period without delay, others were wary. According...employers surveyed planned to implement the grace period for medical FSAs. A significantly ...
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- Magazine article from: Business Insurance Geisel, Jerry August 22, 2005 700+ words
...is not known yet if the adoption of a grace period will boost employee FSA participation...its approval of the so-called FSA grace period, employers are finding that implementing...wade through include: * Adding the grace period may, ironically, result in situations...
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- News wire article from: Mondaq Business Briefing December 1, 2005 700+ words
...regarding implementation of the 2 ' month grace period for cafeteria plan flexible spending...permitting cafeteria plans to provide a grace period immediately following the end of a plan...addresses the interaction of the FSA grace period with the rules governing eligibility...
- Not all grace periods are created equal: building a grace period from the...
- Magazine article from: Marquette Intellectual Property Law Review Metzler, Renee E. June 22, 2009 700+ words
...PERIODS A. Structural Elements of a Grace Period 1. Element One: Type of Disclosures...Regimes Have Addressed the Elements of a Grace Period 1. Pro-Inventor Regimes a. Canada...European Patent Convention III. A MODEL GRACE PERIOD: SOLVING THE GRACE PERIOD PROBLEM ON...
- Employers may forgo new FSA grace period.(HR News)(human resource)(flexible...
- Magazine article from: HRMagazine Gurchiek, Kathy October 1, 2005 700+ words
...employees to take advantage of an IRS grace period allowing carryover of their unused flexible...employers on their intention to extend that grace period. Among those polled, which included...Patterson said in a press release. But the grace period may not be the answer, she said. ...
- New grace period beefs up cafeteria benefit plans.(Internal Revenue Service)
- Magazine article from: Crain's Cleveland Business Grassi, Carl July 11, 2005 700+ words
...provide for a two and a half-month "grace period'' after the end of a plan year. The grace period provides employees with additional time...reimbursed by contributions made in 2005. The grace period also may extend any "run-out'' period...
- PATENTS: RESEARCHERS AT ODDS OVER GRACE PERIOD.
- Newspaper article from: European Report October 10, 1998 700+ words
Summary: The idea of a "grace period" allowing inventors to reveal...in Europe. A debate on the "grace period" proposal is thought to be necessary...agreement on this matter. The grace period is sought above all in order to...
Source: HighBeam Research, Debt Collection Bill Would Require Grace Period During...