Category results for: Set Off Debt
What You Need to Know About CDS
Vendors sometimes contact VCU about payments that don’t match their invoices and one reason this may happen is because of a partial or full payment interception. Payment interceptions usually happen as a result of the Commonwealth Debt Set-Off (CDS) Program, a legally mandated program that recovers outstanding debts that vendors owe to state (CDS) and federal Treasury […]
FAQ: What is Set-Off Debt Collection?
The Virginia Department of Taxation originally established the Set-Off Debt Collection Program in 1983. At that time, the program collected outstanding tax debts to individuals and businesses. By 1990, the state program expanded to add the Comptroller’s Vendor Debt Set Off (CDS) Program. Under the CDS, vendor payments are targeted to offset debts owed by […]
