Current as of January 01, 2018 | Updated by FindLaw Staff
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(a) Prohibition of penalties
When an action for compliance with the terms of a contract is stayed pursuant to this chapter, a penalty shall not accrue for failure to comply with the terms of the contract during the period of the stay.
(b) Reduction or waiver of fines or penalties
If a servicemember fails to perform an obligation arising under a contract and a penalty is incurred arising from that nonperformance, a court may reduce or waive the fine or penalty if--
(1) the servicemember was in military service at the time the fine or penalty was incurred; and
(2) the ability of the servicemember to perform the obligation was materially affected by such military service.
Cite this article: FindLaw.com - 50 U.S.C. § 3933 - U.S. Code - Unannotated Title 50. War and National Defense § 3933. Fines and penalties under contracts - last updated January 01, 2018 | https://codes.findlaw.com/us/title-50-war-and-national-defense/50-usc-sect-3933/
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