29 CFR 20.60

§ 20.60 Application of partial payments to amounts owed.

United States · 29 CFR — Labor · Status: effective

Cite this

Citation: 29 CFR 20.60, § 20.60 Application of partial payments to amounts owed, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/123732
Permanent ID: ys:prov:123732@1
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Full text

When a debt is paid in partial or installment payments, amounts received by the responsible agency should be applied first to outstanding penalty and administrative cost charges, second to accrued interest, and third to outstanding principal.

Legislative history

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