(1) The Debt Check Program is operated by Financial Management Service (FMS).
(2) It is a debt management program for use by federal agencies and outside lenders who issue federal loans, loan insurance, and loan guarantees.
(3) The program allows these agencies and lenders to conduct a search to confirm whether potential recipients of federal financial assistance owe delinquent non-tax debt to the federal government or owe delinquent child support.
(4) If records indicate a debt is owed, the applicant could be denied from receiving the loan, loan insurance, or loan guarantee.
(b) The Office of Child Support Enforcement reports to FMS those cases in which no payments, excluding tax offset, have been received in the last ninety (90) days.