Statutes, codes, and regulations
Code of Federal Regulations
Title 20 - EMPLOYEES' BENEFITSChapter I - OFFICE OF WORKERS' COMPENSATION PROGRAMS, DEPARTMENT OF LABORSubchapter B - FEDERAL EMPLOYEES' COMPENSATION ACTPart 10 - CLAIMS FOR COMPENSATION UNDER THE FEDERAL EMPLOYEES' COMPENSATION ACT, AS AMENDEDSubpart H - SPECIAL PROVISIONS
THIRD PARTY LIABILITY
Section 10.715 - Is a beneficiary required to pay interest on the amount of the refund due to the United States?

20 C.F.R. § 10.715

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Current through November 30, 2024
Section 10.715 - Is a beneficiary required to pay interest on the amount of the refund due to the United States?

If the refund due to the United States is not submitted within 30 days of receiving a request for payment from SOL or OWCP, interest shall accrue on the refund due to the United States from the date of the request. The rate of interest assessed shall be the rate of the current value of funds to the United States Treasury as published in the FEDERAL REGISTER (as of the date the request for payment is sent). Waiver of the collection of interest shall be in accordance with the provisions of the Department of Labor regulations on Federal Claims Collection governing waiver of interest, 29 CFR 20.61 .

20 C.F.R. § 10.715