7 CFR 1217.520
§ 1217.520 Late payment and interest charges for past due assessments.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1217.520, § 1217.520 Late payment and interest charges for past due assessments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/24534
- Permanent ID
ys:prov:24534@1- SHA-256
9c19ad4ec4f7e3fb75aa0036e24ebf2b642511306ab2dd17a70a68c157af5795
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
(a) A late payment charge shall be imposed on any domestic manufacturer or importer who fails to make timely remittance to the Board of the total assessments for which they are liable. The late payment will be imposed on any assessments not received within 60 calendar days of the date they are due. This one-time late payment charge shall be 10 percent of the assessments due before interest charges have accrued.
(b) In addition to the late payment charge, 1 1/2 percent per month interest on the outstanding balance, including any late payment and accrued interest, will be added to any accounts for which payment has not been received by the Board within 60 calendar days after the day assessments are due. Interest will continue to accrue monthly until the outstanding balance is paid to the Board.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.