RMAi Provides Guidance on Federal Stimulus Funds

SACRAMENTO, Calif. --  With the pending release of an additional round of COVID-19 federal stimulus funds to struggling U.S. consumers, Receivables Management Association International (RMAI) continues to advise its members to avoid seeking these funds as a potential source of payment for outstanding consumer obligations. This is the same guidance RMAI shared with its membership on April 13, 2020, and December 17, 2020.


Additionally, Version 9.0 of the Receivables Management Certification Program,
which took effect on March 1, 2021, has a revised standard related to government emergency
relief funds which reads:

A Certified Company shall take reasonable steps to avoid soliciting or otherwise attaching to government emergency relief funds. A company may accept government emergency relief funds for the payment of a debt if the consumer voluntarily chooses to use those funds for payment. [Standard # A18(c)]

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