(USF) Setting Up Memo Status Codes
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
MEMO_STATUS_TBL |
Add and maintain memo status codes. |
To set up memo status code, use the Memo Status Codes component (MEMO_STATUS_CODE).
U.S. federal agencies can use memo status codes to track changes to the status of a delinquent item. Use the Memo Status Changes page to enter each status code as an item changes its status. PeopleSoft Receivables delivers the following codes that you must set up for each SetID as needed. You can also create user-defined codes.
|
Code |
Description |
|---|---|
|
FOREBEAR (In forbearance or appeal) |
The item is in a formal appeals process or a forbearance program. |
|
FORECLOSE (In foreclosure) |
The item is in foreclosure because the agency received payment by seizing collateralized property. A notice of default for the item has been filed. |
|
GARNISH (In wage garnishment) |
An agency is pursuing the delinquent item by garnishing an employee's wages. |
|
RESCHEDULE (Rescheduled) |
The terms and conditions have been changed to facilitate the payment of the item. Rescheduled receivables are not considered delinquent unless the debtor fails to pay under the revised terms. |
|
WAIVE (Waived/unwaived) |
An agency has waived payment of the item or fees that are associated with the item. |
|
ELIGBOFF (Eligible for offset) |
A delinquent item is eligible for referral to the U.S. Department of Treasury for offset. |
|
REFOFF (Eligible for internal collection) |
The item has been referred to the U.S. Department of Treasury for offset. |
|
ELGBINT (Eligible for internal collection) |
The item is eligible to be collected by an internal agency. |
|
ELGBCROSS (Eligible for cross-servicing) |
The item is eligible for referral to the U.S. Department of Treasury or a designated debt collection center for cross-servicing. |
|
REFCROSS (Referred for cross-servicing) |
The item has been referred to the U.S. Department of Treasury or a designated debt collection center for cross-servicing. |
|
REFCOLL (Referred to private collection) |
The item has been referred to a private collection agency. |
|
REFJUST (Referred to Dept of Justice) |
The item is in litigation at either the U.S. Department of Justice or at an agency with the statutory authority to litigate. |
|
OFFSET (Collect by other methods) |
Part of the outstanding item amount can be collected by other methods, such as tax refund or wage garnishments. |
|
SUSPENDED (Suspended) |
The debtor cannot currently pay for the item, and the collection actions have been suspended or terminated. |
|
COMPROMISE (Compromised) |
The open item amount has been compromised with the debtor and payment has been received. The agency must determine whether to report this to the IRS on a 1099-C and get it off the books. |
|
WRITEOFF (Written-off) |
The agency has determined that it cannot collect the payment for item. The debt can be reported as written-off. |
|
CLOSEOUT (Closed out) |
The agency has decided to write off the item. |
Use the Memo Status Codes page (MEMO_STATUS_TBL) to add and maintain memo status codes.
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