7 CFR 920.112

§ 920.112 Late payments.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 920.112, § 920.112 Late payments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/21181
Permanent ID: ys:prov:21181@1
SHA-256: e6fb3e288d08c9dfdba339fea1de171ddbde409ae3a13ec9ba2253b28ee6675b

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Pursuant to § 920.41(a), interest will be charged at a 1.5 percent monthly simple interest rate. Assessments for kiwifruit shall be deemed late if not received within 30 days of invoice, or such other later time period as specified by the committee. A 10 percent late charge will be assessed when payment becomes 30 days late. Interest and late payment charges shall be applied only to the overdue assessment.

Legislative history

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