What notice is issued at the Day 31 deadline in the debt collection process?

The notice issued at the Day 31 deadline in the debt collection process is a second billing notice and demand letter. This notice serves as an important communication tool within the debt collection framework, signaling the need for prompt action from the debtor regarding any outstanding balances.

At this stage, it emphasizes the urgency of the debt while providing details about the amount owed and the consequences of continued non-payment, which could include escalated collection efforts or further administrative actions. Notably, this is part of a structured approach to ensure that debts are managed efficiently and that debtors are given fair opportunities to settle their accounts.