State Codes and Statutes

Statutes > Virginia > Title-58-1 > Chapter-3 > 58-1-528

§ 58.1-528. Certification of debt by claimant agency; finalization of setoff.

A. Upon final determination of the debt due and owing the claimant agency orupon the debtor's default for failure to comply with § 58.1-525, the claimantagency shall within twenty days notify the Department to setoff the refundagainst the debt. If the claimant agency fails to notify the Departmentwithin twenty days, the Department shall no longer be obligated to hold therefund for setoff.

B. Upon receipt by the Department of a notification of final determinationand setoff from the claimant agency, the Department shall finalize the setoffby transferring the proceeds collected for credit or payment in accordancewith the provisions of § 58.1-532 and by refunding any remaining balance tothe debtor as if setoff had not occurred.

(Code 1950, § 58-19.15; 1981, c. 408; 1982, c. 621; 1984, c. 675; 1996, cc.363, 413.)

State Codes and Statutes

Statutes > Virginia > Title-58-1 > Chapter-3 > 58-1-528

§ 58.1-528. Certification of debt by claimant agency; finalization of setoff.

A. Upon final determination of the debt due and owing the claimant agency orupon the debtor's default for failure to comply with § 58.1-525, the claimantagency shall within twenty days notify the Department to setoff the refundagainst the debt. If the claimant agency fails to notify the Departmentwithin twenty days, the Department shall no longer be obligated to hold therefund for setoff.

B. Upon receipt by the Department of a notification of final determinationand setoff from the claimant agency, the Department shall finalize the setoffby transferring the proceeds collected for credit or payment in accordancewith the provisions of § 58.1-532 and by refunding any remaining balance tothe debtor as if setoff had not occurred.

(Code 1950, § 58-19.15; 1981, c. 408; 1982, c. 621; 1984, c. 675; 1996, cc.363, 413.)


State Codes and Statutes

State Codes and Statutes

Statutes > Virginia > Title-58-1 > Chapter-3 > 58-1-528

§ 58.1-528. Certification of debt by claimant agency; finalization of setoff.

A. Upon final determination of the debt due and owing the claimant agency orupon the debtor's default for failure to comply with § 58.1-525, the claimantagency shall within twenty days notify the Department to setoff the refundagainst the debt. If the claimant agency fails to notify the Departmentwithin twenty days, the Department shall no longer be obligated to hold therefund for setoff.

B. Upon receipt by the Department of a notification of final determinationand setoff from the claimant agency, the Department shall finalize the setoffby transferring the proceeds collected for credit or payment in accordancewith the provisions of § 58.1-532 and by refunding any remaining balance tothe debtor as if setoff had not occurred.

(Code 1950, § 58-19.15; 1981, c. 408; 1982, c. 621; 1984, c. 675; 1996, cc.363, 413.)