Item 39
approved contract consent calendarAug 5, 2014
Authorize to exercise the option to renew an existing contract with Premiere Credit of North America LLC, Indianapolis, IN, (originally approved by G&C on 8-14-13, item #15), to perform debt collection services for debts for the Department. Effective upon G&C approval through a period of one year. This contract incurs no outlay of State funds as Premiere Credit of North America LLC is working on a percentage rate of recovery basis. As a first placement debt collector in the debt collection process, Premiere Credit LLC will retain 18% from any funds that are recovered without litigation, as a second placement debt collector in the collection process, Premiere Credit LLC will retain 23% of funds collected without litigation; if litigation is required and approved by the Department, Premiere Credit LLC shall retain 35%.