WebThe meaning of SET-OFF is the reduction or discharge of a debt by setting against it a claim in favor of the debtor; specifically : the reduction or discharge of a party's debt or claim by … WebRight of set-off can be used to transfer money: From your sole bank account to debt in your name only. From your sole bank account to a debt you have jointly with another person. …
N.C. Local Government Debt Setoff Clearinghouse
WebExamples of Debt Coordinator in a sentence. Certified or cashier’s checks must be delivered to the Debt Coordinator at the address set forth on the last page of this Notice.. NAME OF SET-OFF DEBT COORDINATOR –Identify the Individual designed by your agency or governing body to be the Set-Off Debt Coordinator (SODC); this individual’s name will … Web1 Jul 2024 · Debt Setoff Unit. The Setoff Unit is located within the Distribution Unit. We work with approximately 156 agencies in North Carolina on a daily basis. Below is a … layherna
About Setoff Debt South Carolina Association of Counties
Web12 Dec 2024 · The right of setoff is a legal right by a debtor to reduce the amount owed to a creditor by offsetting against it any amounts owed by the creditor to the debtor. For example, a bank can seize the amount in a customer’s bank account to offset the amount of an unpaid loan.It is a useful legal right when a borrower goes bankrupt, since the creditor will likely … Web1 Jul 2024 · The Setoff Unit is located within the Distribution Unit. We work with approximately 156 agencies in North Carolina on a daily basis. Below is a summarization of our process: All participating agencies send NCDOR an updated list of their debtors on a regular basis. When a debtor files their tax return to claim their refund with NCDOR, we … Webused to satisfy the delinquent debt(s). Vendor Set-Off Debt Collection Program (for State Agencies only) The Comptroller’s Vendor Debt Set‐Off Program (CDS) is designed to … layher occasion