11 CFR §8.5
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)The Commission shall assess interest, penalties, and administrative costs on debts owed to the United States Government in accordance with 31 U.S.C. 3717 and 31 CFR 901.9.
- (b)The Commission shall waive collection of interest and administrative costs on a debt or any portion of the debt that is paid in full within thirty days after the date on which the interest begins to accrue.
- (c)The Commission may waive collection of interest, penalties, and administrative costs if it:
- (1)Determines that collection is against equity and good conscience or not in the best interest of the United States, including when an administrative offset or installment agreement is in effect; or
- (2)Determines that waiver is appropriate under the criteria for compromise of debts set forth at 31 CFR 902.2(a).
- (d)The Commission is authorized to impose interest and related charges on debts not subject to 31 U.S.C. 3717, in accordance with common law.