Laserfiche WebLink
Attorney General's collection cost from all amounts collected, calculated upon all certified amounts <br />recovered, plus interest and fees accruing from the date of certification to Attorney General. <br />Attorney General collection costs may be waived, either by the Attorney General or jointly by the <br />Political Subdivision and the Attorney General. The Parties agree that the Attorney General will <br />pass all Attorney General collection costs on to the debtor as an additional obligation of debtor. <br />The Attorney General collection cost is 10% pursuant to O.R.C. § 109.08. <br />4.3 The Attorney General may also hire third party vendors to collect claims for <br />Political Subdivision and to pay such third party vendors for their services ("TPV Fees") <br />from funds collected by them. The Attorney General will assign debt to TPVs in accordance <br />with an established assignment strategy. TPV fees shall be paid at rates set by the Attorney General. <br />The Parties agree that the Attorney General will pass all TPV Fees on to debtors as an additional <br />obligation of the debtors. <br />4.4 The Attorney General may appoint special counsel to collect claims for Political <br />Subdivision and to pay such special counsel for their services ("Special Counsel Fees") <br />from funds collected by them. The Attorney General will assign Debt to Special Counsel in <br />accordance with an established assignment strategy. Special Counsel Fees shall be paid at rates set <br />by the Attorney General. The Parties agree that the Attorney General will pass all Special Counsel <br />Fees on to debtors as an additional obligation of the debtors. <br />4.5 Political Subdivision may execute a different Service Level Agreement for each <br />category of debt certified pursuant to this Agreement, and each Service Level Agreement shall be <br />attached as additional pages of Exhibit "C." <br />4.6 Political Subdivision may change or terminate the Service Level Agreement(s) <br />attached hereto as Exhibit "C" upon appropriate written notice as specified therein, and any change <br />or termination of the Service Level Agreement(s) shall not be construed as an amendment or <br />termination of this Agreement. <br />V. DISBURSEMENT PROCESS/PAYMENT OF COLLECTION COSTS <br />5.1 On a weekly basis the Attorney General shall disburse to the Political Subdivision the <br />full amounts collected on the Debt minus any applicable collection costs or fees as outlined herein. <br />The Political Subdivision and Attorney General shall have the authority to settle or compromise any <br />account in the Debt which is agreed upon by the Political Subdivision and Attorney General as <br />payment in full based on the best interests of the Parties. At the time of the Attorney General's <br />disbursement to the Political Subdivision, the Political Subdivision will receive the amount collected <br />minus the Attorney General's collection costs and any applicable TPV Fees or Special Counsel Fees <br />pursuant to this Agreement. <br />3 <br />