You can see the actual wording of the code at this site. It boils down to 7 years from the first day the account was placed for collection for the last delinquent payment. Sound confusing? Say you paid Jan 1, 1997 and didn't pay for 4 months. The account went into collection. You paid on May 1, 1997 and then never made another payment. If the account went into collection on June 1 1997, that's where the clock starts ticking. Even if the creditor sells the debt, the clock still ticks from the June 1 date. As long as you have not made a payment, the date stays the same. I still have one outstanding question. Say you made a payment on Oct 1, 1997. The account was still in collection because you were still delinquent. Does that restart the clock 180 days after Oct 1? The answer depends on whether the account achieved collection/charged off status prior to the additional payment. Once an account becomes a collection account, its' status changes. The standard amount of time for this is 180 days, but certain factors may shorten or lengthen that period. Once the account becomes a collection/charge off, the complete balance is due in full. The consumer no longer has any rights to make payments, and the original amortization terms no longer apply. The FCRA 15 USC 1681c Section 605(c)(1) states that: "The 7 year period...shall begin...upon the expiration of the 180 day period BEGINNING ON THE DATE OF THE COMMENCEMENT of the delinquency, which immediately preceeded the collection activity, charge to profit and loss, or similar action." So, once the account becomes a collection, or charge off, nothing can legally restart or change the DLA. If however, the consumer makes an additional payment prior to the account becoming a collection or charge off, then that month/year is established as the correct DLA.
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I think its the gain someone gets after participating or involving him/herself in a certain activity
You're probably referring to the abbreviation for Date of Last Activity
Development finance can be broadly defined as - Using scarce capital in often inovative and untraditional ways to spur economic activity.
credit card information should automatically purge from your credit bureau 6 years from the date of last activity. ie) if you pay your account in full (nil balance) on June, 2012 (DLA=date of last activity) and you do not use the account, the account should purge on June, 2018
That's the last time you bought something, paid a bill or incurred interest debt.
What is the definition of psychomotor skills in physical activity
Activity undertaken as part of a commercial enterprise
Physical activity.
it flows
Vigil means an Activity.
It is any activity, that brings enjoyment to yourself. Otherwise it is just an activity.
volcanic activity is when a volcano is active or has just started erupting.
The California volcanoes are Cosco (last activity 2.5 million years ago), Long Valley Caldera (last activity in the 1750's), Clear Lake (last activity 10,000 years ago), Lassen Peak (last activity 1921), Mount Shasta (last activity 1786), and Medicine Lake (last activity 900 years ago).
The California volcanoes are Cosco (last activity 2.5 million years ago), Long Valley Caldera (last activity in the 1750's), Clear Lake (last activity 10,000 years ago), Lassen Peak (last activity 1921), Mount Shasta (last activity 1786), and Medicine Lake (last activity 900 years ago).
Goods,services is the definition of "Economic Activity" which is the production of goods,services,labor,ect. So basically it is vice versa. Goods and service is'nt a definition is Geography, but is the definition of a geography term. Which is Economic activity.
Validation (of an activity) is achieved when you can prove that the intended activity will achieve the intended outcome.