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Statewide Policy OREGON ACCOUNTING MANUAL Subject: Accounting and Financial Reporting Number: 35.30.70 Division: Chief Financial Office Effective date: July 1, 2013, Chapter: Accounts Receivable Management
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Account activity skip-tracing asset refers to the process of tracking and locating individuals or companies to collect outstanding debts or assets.
Financial institutions, debt collectors, and other entities involved in the collection of outstanding debts are required to file account activity skip-tracing assets.
Account activity skip-tracing assets must be filled out by providing detailed information about the individual or company being tracked, the outstanding debt or asset, and any relevant contact information.
The purpose of account activity skip-tracing assets is to facilitate the collection of outstanding debts or assets by locating and contacting the debtor.
Information such as the debtor's name, address, contact information, outstanding debt or asset details, and the steps taken to track and locate the debtor must be reported on account activity skip-tracing assets.
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