37 CFR 385.4 - Late payments.

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§ 385.4 Late payments.

A Licensee shall pay a late fee of 1.5% per month, or the highest lawful rate, whichever is lower, for any payment received by the Copyright Owner after the due date set forth in § 210.16(g)(1) of this title. Late fees shall accrue from the due date until payment is received by the Copyright Owner.

[ 74 FR 4529, Jan. 26, 2009, as amended at 78 FR 67942, Nov. 13, 2013; 82 FR 15299, Mar. 28, 2017]

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