Re: CA SOL

Posted by Linda on October 29, 2001 at 21:01:23:

In Reply to: Re: CA SOL posted by Ann on October 29, 2001 at 14:37:31:

Consensus on the FTC attorney's opinion letters, is that the reporting period begins date the account first became *continuously* delinquent, + 180 days. or the date charged to P&L + 180 days (whichever is earlier).

There is one opinion letter which seems to say "initially" delinquenct but that is clarified in a later opinion letter, to reflect what I stated above.

Linda

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