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will refer all matters concerning collection to Agency for the duration of the period of <br />assignment, unless Municipal Court cancels the Account as provided below. <br />5. Cancellation of Accounts. Accounts previously assigned to Agency for collection will be <br />cancelled prior to the expiration of the period of collection if (a) Municipal Court withdraws an <br />Account, by notice to Agency in writing; (b) Agency ceases collection efforts on an Account it <br />considers not collectable; or (c) the debtor files . for bankruptcy and Municipal Court directs <br />Agency to take no further action after Agency informs Municipal Court and the Office of the <br />City Attorney, in writing, of the filing for bankruptcy. <br />6. Standards of Agency Performance. Agency agrees to maintain the following minimum <br />standards of operation and performance during the term of this Agreement and to provide proof <br />of compliance upon request by Municipal Court: <br />a. Maintain proper licensing and bonding as required by law <br />b. Adhere to the provisions of all applicable laws, ordinances and regulations, <br />including the Federal Fair Debt Collection Practices Act, the Colorado Fair Debt <br />Collection Practices Act and the Fair Credit Reporting Act. <br />c. Agency's professional services shall be in accordance with the prevailing standard <br />of practice normally exercised in the performance of services of a similar nature <br />in the Denver metropolitan area. <br />7. Audits. Municipal Court has the right to audit the accounts assigned to Agency at any time <br />upon advance written notice. <br />8. Litigation. No court action will be instituted for collection of Accounts by Agency without <br />prior written authorization from Municipal Court. <br />9. Progress Reports. Agency will provide Municipal Court with written reports relating to <br />collection activities, collection totals, dates of collection, and specific accounts when requested <br />by Municipal Court. <br />10. Payment. Remittance. By the 15th day of each month, Agency will provide Municipal Court <br />with a billing of amounts collected during the previous month. <br />11. Governing Law: Venue. This Agreement will be construed in accordance with the laws of <br />the State of Colorado, the Louisville Municipal Code, and City ordinances, resolutions and <br />policies. <br />12. Indemnification. Agency releases the City of Louisville and agrees to fully protect, defend, <br />indemnify, and hold harmless the City of Louisville, its elected and appointed officers, <br />employees, agents and representatives from and against any and all losses, claims of personal <br />injury, loss, death or property damage, and any other causes of action, costs and expenses, <br />including attorney's fees, or liability of any nature arising out of or related to Agency's <br />performance under this agreement. <br />2 <br />