What percentage does Treasury's private collection agency take for debts less than 2 years delinquent?

When dealing with debts that are less than two years delinquent, the percentage retained by Treasury's private collection agency is specifically set at 28%. This rate applies to the collection of debts that are still within the early stages of delinquency, where the agency is tasked with maximizing recovery efforts. The rationale behind setting this percentage at 28% reflects the balance between incentivizing the private agency to effectively collect the debts while also ensuring that a significant portion of the recovered funds remains with the Treasury. This rate is a critical aspect of understanding the operational framework within which these collection agencies function, highlighting the importance of managing public funds efficiently.