27 CFR 6.66

§ 6.66 Calculation of period.

United States · 27 CFR — Alcohol, Tobacco Products and Firearms · Status: effective

Cite this

Citation: 27 CFR 6.66, § 6.66 Calculation of period, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/115255
Permanent ID: ys:prov:115255@1
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Full text

For the purpose of this part, the period of credit is calculated as the time elapsing between the date of delivery of the product and the date of full legal discharge of the retailer, through the payment of cash or its equivalent, from all indebtedness arising from the transaction.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.