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Agmt11 Collection Bureau of America
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Agmt11 Collection Bureau of America
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Last modified
12/15/2011 1:21:01 PM
Creation date
12/15/2011 1:21:00 PM
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Template:
Agreement
Contractor Name
Collection Bureau of America
PROJECT NAME
Debt Collection Services-past due debts on utility accounts
RMP File Number
304.5
Date
12/15/2011
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EXHIBIT "A" <br /> SCOPE OF SERVICES <br /> 1. City appoints consultant as agent to collect accounts which are now in possession of the <br /> consultant, or which may be referred for collection to the consultant from this time forward. <br /> 2. City authorizes consultant to act in City's name, and to perform any and all lawful acts within <br /> the provisions of the Federal Fair Debt Collection Practices Act and the California Robbins- <br /> Rosenthal Fair Debt Collection Practices Act, which in the judgment of the consultant may be <br /> necessary for the collection of such accounts. <br /> 3. City authorizes consultant to endorse the name of the City on such drafts, checks, money <br /> orders, and other payments, payable to the City, which may be received by the consultant and <br /> deposited into their customer trust bank account, on such collection accounts, subject to the <br /> obligation of the consultant, to pay over the balance of such collections to the City following <br /> the deduction of all amounts due consultant as hereinafter provided. <br /> 4. City agrees that all accounts now in the office of, or which may be referred hereafter to the <br /> consultant, shall be retained by the consuitant until canceled in writing by consultant and <br /> consultant agrees to cancel any ciaim within 30 days after written demand from the City, <br /> unless the claim is in the process of coilection, or upon which legal action has been instituted. <br /> 5. City shall have the right to accept payment in full on any collection amount, except on an <br /> account where legal action has been filed. However, all arrangements for deferred or <br /> installment payments shall be made by the consultant. <br /> 6. Consultant agrees that legal action will not be undertaken on any account without written <br /> authorization from the City. All costs of collection and suit shall be paid by the consultant. All <br /> amount collected in addition to principal, including interest, court costs, and attorney fees, <br /> shall be retained by the consultant to offset cost losses. <br /> 7. In consideration of acceptance of such amounts as mentioned above for collection, City <br /> agrees to pay consultant a contingent commission of 25% for direct collection accounts, and <br /> 35% if legal action is required. <br /> 8. Consultant agrees to concept of "no collection = no fees". <br /> Agreement under $tOK 4 <br /> City Attorney Approved Version 111803 <br />
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