[Code of Federal Regulations]
[Title 7, Volume 7]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR729.310]

[Page 206]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 729--PEANUTS--Table of Contents
 
   Subpart C--Marketing Cards, Marketings, Penalties, and Assessments
 
Sec. 729.310  Payment of penalty or other debt.

    (a) Method of payment. A draft, money order, or check made payable 
to the Farm Service Agency may be used to pay any penalty, other 
indebtedness collected in accordance with this subpart, or interest 
thereon. All methods of payment shall be received subject to collection 
and payment at face value.
    (b) Due date. The penalty becomes due on the date of marketing, or 
in the case of false identification or failure to account for the 
disposition of peanuts, the date the producer is notified of the false 
identification or the failure to account, as applicable.
    (c) Interest. The person liable for payment or collection of the 
penalty shall be liable also for interest thereon at the rate of 
interest charged CCC for its borrowings by the United States Treasury on 
the date such penalty became due. If the rate charged CCC by the 
Treasury is increased, the interest due on the penalty may be, to the 
extent permitted by law, increased commensurately for the period of such 
increase. Interest shall accrue from the date the penalty was due if the 
penalty is not remitted within 30 days after the date the penalty was 
assessed. Nothing in paragraph (c) of this section, shall limit the 
liability of a person for pre-penalty interest where otherwise provided 
for in this part or otherwise provided for by law.