Penalty for delaying transmittal of assessment moneys (ORS 576.355), "In addition to the penalties prescribed in 576.99, any person who delays transmittal of funds beyond the time set by a Commission shall pay a penalty of ten percent of the amount due and shall also pay one and one-half percent interest per month on the unpaid balance of the assessment. If seeking a waiver of the penalties, a written explanation of the circumstances that caused the payment delay must be submitted to the Commission office for review. Penalties may be waived by a majority vote of the Commission.
Or. Admin. Code § 669-010-0030
Stat. Auth.: ORS 576 & 2003 OL Ch. 604
Stats. Implemented: ORS 576 & 2003 OL Ch. 604