12 CFR 797.11 - Interest, administrative costs, and penalties.

Regulations last checked for updates: May 07, 2025

Title 12 - Banks and Banking last revised: Apr 15, 2025

View all text of Subpart B [§ 797.5 - § 797.16]

§ 797.11 - Interest, administrative costs, and penalties.

Where NCUA is the creditor agency, it shall assess interest, penalties and administrative costs pursuant to 31 U.S.C. 3717 and 31 CFR parts 900 through 904, unless excused in accordance with the FCCS.

authority: 12 U.S.C. 1752a; 5 U.S.C. 5514; 31 U.S.C. 3711,3716,3720A,3720D

source: 73 FR 11341, Mar. 3, 2008, unless otherwise noted.

cite as: 12 CFR 797.11