29 CFR 20.60 - Application of partial payments to amounts owed.

§ 20.60 Application of partial payments to amounts owed.
When a debt is paid in partial or installment payments, amounts received by the responsible agency should be applied first to outstanding penalty and administrative cost charges, second to accrued interest, and third to outstanding principal.

Title 29 published on 2014-07-01

no entries appear in the Federal Register after this date.