Compromise of delinquent contributions
If a business owner owes money to the state unemployment fund but does not have enough money to pay the full amount, the director in charge can agree to accept a smaller payment to settle the debt. The director can only do this if turning down the smaller amount would mean losing the chance to collect most of the money owed. Once a deal is made, it is final and cannot be undone unless someone lied, cheated, or committed fraud to get the deal.
288.180. Compromise of . — In any case in which the finds, upon of a sworn financial statement and through such other investigation as is necessary, that an employer or a former employer who no longer conducts an active business, has insufficient to pay the full amount of all , interest, or penalties that may be due, and where such employer or former employer can pay some but not all of such amount, the director may agree to accept any amount he finds reasonable under the circumstances, as consideration for the settlement of the full amount of contributions, interest or penalties due, if he is satisfied that failure to accept such amount would result in the loss of opportunity to collect any substantial portion of the contributions, interest or penalties. Wherever such an agreement is made there shall be placed in the 's files a statement of the full amount of the contributions, interest or penalties, the amount paid as consideration under the terms of the agreement, and the reason for the agreement. Any such agreement shall be and as to the matters agreed upon except upon a showing of , or , or .
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Source & history notes
(L. 1951 p. 564 § 288.150)
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