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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) Late payment charges will apply as specified in the lease. The failure to pay these amounts will be treated as a lease violation.
(b) We may assess the following special fees to cover administrative costs incurred by the United States in the collection of the debt, if compensation is not paid in the time and manner required, in addition to the late payment charges that must be paid to the Indian landowners under the lease:
|
The lessee will pay . . . |
For . . . |
|---|---|
|
(1) $50.00 |
Any dishonored check. |
|
(2) $15.00 |
Processing of each notice or demand letter. |
|
(3) 18 percent of balance due |
Treasury processing following referral for collection of delinquent debt. |
Cite this article: FindLaw.com - Code of Federal Regulations Title 25. Indians § 25.162.468 Will late payment charges or special fees apply to delinquent payments due under a business lease? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-25-indians/cfr-sect-25-162-468/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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