Regulations last checked for updates: May 04, 2024

Title 29 - Labor last revised: Apr 30, 2024
§ 20.60 - Application of partial payments to amounts owed.

When a debt is paid in partial or installment payments, amounts received by the responsible agency should be applied first to outstanding penalty and administrative cost charges, second to accrued interest, and third to outstanding principal.

authority: 31 U.S.C. 3711
source: 50 FR 5202, Feb. 6, 1985, unless otherwise noted.
cite as: 29 CFR 20.60