Code of Colorado Regulations
2500 - Department of Human Services
2504 - Child Support Services (Volume 6)
9 CCR 2504-1 - RULE MANUAL VOLUME 6, CHILD SUPPORT SERVICES RULES
Section 9 CCR 2504-1-6.806 - INTEREST [Rev. emergency eff. 4/5/13; permanent 7/1/13]
Universal Citation: 9 CO Code Regs 2504-1, ยง 6.806
Current through Register Vol. 47, No. 17, September 10, 2024
Collection of interest is optional for county Child Support Services Units. If a county chooses to collect interest, the following rules shall apply.
A. Interest on support collections that are deposited in a financial institution in interest bearing accounts shall be used to reduce administrative costs as prescribed by the State Department.
B. Interest collected through support arrears/debt shall be considered a support collection and shall be used to reduce the UPA/UMP balances or, for non IV-A cases, paid to the family.
1. In order to collect
interest on a Colorado order, the interest rate will be calculated as
prescribed by the State Department on the balance past due at the current
interest rate in effect as set forth in Sections
5-12-101 and
14-14-106, C.R.S.
2. Interest on arrears balances will be
calculated for a specific amount of arrearages/debt covering a specific period
of time. The amount of interest will be listed separately from the amount
listed for child support arrears/debt and shall be added to the IV-D ledger on
the automated child support enforcement system using the appropriate interest
adjustment reason codes. The two figures will be added together to show the
total amount of judgment or non-judgment balances.
3. A county may charge interest on a Colorado
child support order according to statute. If a county intends to calculate
interest, it must:
a. Send a written notice to
the obligor or his/her attorney of record, if one exists, that interest will be
assessed on the order.
b. Only
assess interest beginning with the date of the notice referenced in paragraph
a, of this section.
c. Complete an
updated interest calculation every six (6) months for all cases where notice,
in paragraph "a" of this section, was provided and shall provide written
notification of the amount of interest assessed to the obligor or his/her
attorney of record, if one exists.
d. Notify the responding agency in an
initiating reciprocal action, at least annually, and upon request in an
individual case, of interest charges, if any, owed on overdue
support.
4. The county
Child Support Services Unit may waive the collection of interest if it wishes
to use interest as a negotiating tool to reach a payment settlement on both
public assistance and non-public assistance cases.
5. Counties must collect interest on
interjurisdictional cases if they are enforcing another jurisdiction's order
and the jurisdiction requests collection of interest.
Disclaimer: These regulations may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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