Definitions for "Credit Bureau Reporting"
Keywords:  bureau, hhs, obligor, arrears, overdue
Federal and State law requires each IV-D agency to report periodically to consumer credit agencies. The name of the non-custodial parent, of which the IV-D agency has record, who is either current in payments of support or who is delinquent in payment of support and the amount of the current obligation or delinquent support is referred to the agencies.
Federal regulations require that all loans be reported to national credit bureaus from the time of disbursement until paid in full. All accounts are reported monthly.
HHS regulations require a school to report any loans more than 120 days past due to one or more credit bureaus. Close