Voluntary Repayment Agreement For Employee Indebtedness

(d) if the creditor agency decides that the proposed repayment agreement is acceptable, the replacement agreement must be in writing, signed by both the worker and the designated creative agency and meet the other requirements of this Division for a voluntary repayment agreement. (ii) be signed by both the worker and the creative agency; (b) The creditor agency shall examine a proposal for repayment submitted in a timely and proper manner by the debtor and inform the worker of the acceptance of the proposed written repayment agreement. It is up to the creditor agency to accept a repayment agreement instead of proceeding by compensation. (3) Either propose payment of the debt (with interest, penalties and administrative costs) in a lump sum, or establish a proposed repayment plan . . .

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