INCOME NOTE COLLECTIONS SUMMARY

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Definitions

the Collections Section of the Department of Income submits to the Ad Council a form called the Income Note Collections Summary. This form carries an amount for cash collectible from notes past due and the amount of notes that are apparently uncollectible. The total is added into grand total of credit advanced. It gives the total of payments received during the month past (the 1st to the last day of the month). It gives the number of statements mailed in the month just past. It gives the number of persons with overdue notes who have been handed over to the Director of Clearing and passed on to Field Staff Members. It gives the number of notes to date given to lawyers for collection that remain uncollected. This Income Note Collections Summary is placed in the hands of the Advisory Council on the second Tuesday of each month. (HCO PL 26 Nov 65R)