31 CFR 391.2 - Equitable considerations.
For reasons of equity and good conscience, late charges may be waived under the circumstances identified in this section.
(a) Where, without fault or bad faith, the debtor could not submit payment within 30 days of the interest accrual date, the mandatory waiver provision in 4 CFR 102.13(g) may be extended. Such waiver will be considered on a case-by-case basis. Examples include, but are not limited to:
(2) Late receipt of the notice of indebtedness where the debtor was away from home on an extended vacation or hospitalized.
Title 31 published on 2014-07-01.
No entries appear in the Federal Register after this date, for 31 CFR Part 391.