43 CFR 30.420
§ 30.420 What happens if the successful bidder does not submit payment within 30 days?
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 30.420, § 30.420 What happens if the successful bidder does not submit payment within 30 days?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/209799
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Full text
(a) If the successful bidder fails to pay the full amount of the bid within 30 days, the judge will issue an order denying the request to purchase or the bid (whichever is applicable) and the interest in the trust or restricted property will be distributed as determined by the judge in the decision or distribution order.
(b) The time for payment may not be extended.
(c) Any partial payment received will be returned.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.