Section 261.123. Written agreement.

  1.  An individual served with notice pursuant to section 261.121 may enter into a written agreement with the commission for payment of the obligation owed by the individual. The agreement shall take into consideration the individual’s ability to pay and other criteria established by rule of the commission. The written agreement shall include all of the following:

  a.  The method, amount, and dates of payments by the individual.

  b.  A statement that upon breach of the written agreement by the individual, the commission shall issue a certificate of noncompliance to any appropriate licensing authority.

  c.  A written agreement entered into pursuant to this subsection does not preclude any other remedy provided by law.

  2.  If the individual enters into a written agreement with the commission following issuance of a certificate of noncompliance, the commission shall issue a withdrawal of the certificate of noncompliance and shall forward a copy of the withdrawal by regular mail to the individual and any appropriate licensing authority.

98 Acts, ch 1081, §3