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O. Each party to this agreement shall identify no less than two (2) contact persons within <br />their respective offices who are familiar with and authorized to discuss and compromise <br />Client's assigned accounts. <br />H. Accounts listed to EFS with a principal balance greater than $50.00 and listed with EFS <br />for a minimum of forty (40) days shall be reported to a minimum of one major credit- <br />reporting agency by EFS. <br />4. For the performance of the work described in and required by this agreement, EFS shall remit <br />the percentage of monies to client upon collection based on the phase of activity and/or <br />account type as follows: <br />Pursuant to RCW 19.16.500, Client shall assess collection fees on principal balances turned to <br />collection on the following schedule: <br />A . EFS on behalf of Client shall assess a collection fee on receipt of the account to <br />collection in accordance to the following schedule: <br />Under $100.00 (100% fee accessed) <br />Over $100.00 -$100,000 (50% fee accessed) <br />Over $100,000 (35% fee accessed) <br />B. Upon collection of the entire balance, the Client shall be entitled to 100% of the <br />principal amount referred, or the balance prior to the assessment of the collection fee. <br />C . EFS shall retain the collection fee and any allowable interest per law as compensation <br />for performance of work described. <br />D . When the Client receives payment(s) in their office on accounts that have been referred <br />to EFS for collection, it shall be the responsibility of the Client to report those <br />payments either via fax, phone, mail or through our secure website. <br />E. If the Client or EFS receives a payment that is a partial payment of the total amount <br />owing after being referred to collection, the payment shall be divided between original <br />principal owing and the collection fee assessed. The account shall not be considered <br />paid in full by either party until the entire balance, including collection fee, is paid. <br />F. EFS agrees on behalf ofthe Client, prior to an assignment of the debt to EFS, to mail a <br />final, 30-day notice to debtor as outlined by RCW 19.16.500 . The notice shall advise <br />the debtor that the account may be turned over to a collection agency and if it is turned <br />to collection, that a collection fee will be assessed if the account is not paid in fuU <br />within thirty (30) days. <br />100% PRINCIPLE BALANCE BACK TO CLIENT PURSUANT TO RCW 19.16.500 <br />100% FACE AMOUNT RETURN ON NSF/CLOSED ACCOUNTS CHECKS UPON <br />COLLECTION. <br />4 . All accounts placed with EFS are covered by EFS' respective state license and bond. EFS <br />maintains professional liability insurance coverage. <br />Page 12