[Code of Federal Regulations]
[Title 10, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 10CFR15.35]

[Page 291]
 
                            TITLE 10--ENERGY
 
                CHAPTER I--NUCLEAR REGULATORY COMMISSION
 
PART 15--DEBT COLLECTION PROCEDURES--Table of Contents
 
             Subpart B--Administrative Collection of Claims
 
Sec. 15.35  Payments.

    (a) Payment in full. The NRC shall make every effort to collect a 
claim in full before it becomes delinquent. If a claim is paid in one 
lump sum after it becomes delinquent, the NRC shall impose charges for 
interest, penalties, and administrative costs as specified in 
Sec. 15.37.
    (b) Payment in installments. If a debtor furnishes satisfactory 
evidence of inability to pay a claim in one lump sum, payment in regular 
installments may be arranged. Evidence may consist of a financial 
statement or a signed statement that the debtor's application for a loan 
to enable the debtor to pay the claim in full was rejected. Except for a 
claim described in 5 U.S.C. 5514 and codified in 10 CFR part 16, all 
installment payment arrangements must be in writing and require the 
payment of interest, and administrative charges.
    (1) Installment note forms, including confess-judgment notes, may be 
used. The written installment agreement must contain a provision 
accelerating the debt payment in the event the debtor defaults. If the 
debtor's financial statement discloses the ownership of assets which are 
free and clear of liens or security interests, or assets in which the 
debtor owns an equity, the debtor may be asked to secure the payment of 
an installment note by executing a Security Agreement and Financing 
Statement transferring to the United States a security interest in the 
assets until the debt is discharged.
    (2) If the debtor owes more than one debt and designates how a 
voluntary installment payment is to be applied among those debts, the 
NRC shall follow that designation. If the debtor does not designate the 
application of the payment, the NRC shall apply the payment to the 
various debts in accordance with the best interests of the United 
States, as determined by the facts and circumstances of the particular 
case.
    (c) To whom payment is made. Payment of a debt is made by check, 
electronic transfer, draft, or money order payable to the United States 
Nuclear Regulatory Commission and mailed or delivered to the Division of 
Accounting and Finance, Office of the Chief Financial Officer, U.S. 
Nuclear Regulatory Commission, Washington, DC 20555-0001, unless payment 
is--
    (1) Made pursuant to arrangements with GAO or DOJ;
    (2) Ordered by a Court of the United States; or
    (3) Otherwise directed in any other part of this chapter.

[47 FR 7616, Feb. 22, 1982, as amended at 52 FR 31610, Aug. 21, 1987; 54 
FR 53316, Dec. 28, 1989; 55 FR 32379, Aug. 9, 1990; 56 FR 51830, Oct. 
16, 1991; 63 FR 15743, Apr. 1, 1998]