25 C.F.R. § 162.468

Current through November 30, 2024
Section 162.468 - Will late payment charges or special fees apply to delinquent payments due under a business lease?
(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) $50.00Any dishonored check.
(2) $15.00Processing of each notice or demand letter.
(3) 18 percent of balance dueTreasury processing following referral for collection of delinquent debt.

25 C.F.R. § 162.468