25 C.F.R. · Indians
25 C.F.R. § 162.468

Will late payment charges or special fees apply to delinquent payments due under a business lease?

Title 25 C.F.R. ● ACTIVE Primary Source
Regulatory Text

25 C.F.R. § 162.468 — Will late payment charges or special fees apply to delinquent payments due under a business lease?

§ 162.468 Will late payment charges or special fees apply to delinquent payments due under a business lease? (a) Late payment charges will apply as specified in the lease. The failure to pay these amounts will be treated as a lease violation. (b) We may assess the following special fees to cover administrative costs incurred by the United States in the collection of the debt, if compensation is not paid in the time and manner required, in addition to the late payment charges that must be paid to the Indian landowners under the lease: The lessee will pay . . . For . . . (1) $50.00 Any dishonored check. (2) $15.00 Processing of each notice or demand letter. (3) 18 percent of balance due Treasury processing following referral for collection of delinquent debt.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR25-SEC-050FA0
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25 C.F.R. § 162.468
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The regulatory text of 25 C.F.R. § 162.468 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 25 25 C.F.R. § 162.468