[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1403.5]

[Page 349]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1403_DEBT SETTLEMENT POLICIES AND PROCEDURES--Table of Contents
 
Sec.  1403.5  Collection by payment in full.

    Except as CCC may provide in accordance with Sec.  1403.6, CCC shall 
collect debts owed to the Government, including applicable interest, 
penalties, and administrative costs, in full, whenever feasible whether 
the debt is being collected by administrative offset or by another 
method, including voluntary payment. If a debt is paid in one lump sum 
after the due date, CCC will impose late payment interest, as provided 
in Sec.  1403.9, unless such interest is waived as provided in Sec.  
1403.10.