Narcisse asks about reasons for default and incorrect addresses
Narcisse asks why respondents default and how many defaults are due to notices going to incorrect or outdated addresses. Lee explains defaults occur for various reasons including inability to pay, inability to identify respondents, and businesses going bankrupt.
Good morning, Commissioner, and thank you, Chair.
I have a question for you.
Sometimes I want to know why people did not pay their bill.
So from the data you have right now,
I want to know, the bill gives the most generous treatment to the false judgments, right?
Why did those response defaults in the first place?
And how many of those defaults do you attribute to a notice going to incorrect or outdated address?
So as indicated earlier, our current uncollectible docket is about $744 million.
And there's a number of different reasons why.
It could have been respondents were unable to pay.
We also could not have, it might be instances where we couldn't identify respondents.
And it could also be because businesses went bankrupt and they no longer exist.
And so there are a number of different reasons why people might default, but the uncollectible category includes those type of instances where businesses simply do not exist anymore, and we can't collect on an entity that no longer exists because they went bankrupt.