---
kind: "section"
citation: "11 C.F.R. § 111.55"
title: "11"
number: "111.55"
heading: "Interest, penalties, and administrative costs."
url: "https://uscodex.org/cfr/11/111.55"
---

# §111.55. Interest, penalties, and administrative costs.

- (a) The Commission shall assess interest, penalties, and administrative costs on debts owed to the United States Government, pursuant to [31 U.S.C. 3717](/usc/31/3717.md). Interest, penalties, and administrative costs will be assessed in accordance with [31 CFR 901.9](/cfr/31/901.9.md).
- (b) The Commission shall waive collection of interest and administrative costs on a debt or any portion of the debt that is paid within thirty days after the date on which the interest begins to accrue.
- (c) The Commission may waive collection of interest, penalties, and administrative costs if it:
  - (1) Determines that collection is against equity and good conscience or not in the best interest of the United States, including when an administrative offset or installment agreement is in effect; or
  - (2) Determines that waiver is appropriate under the criteria for compromise of debts set forth at [31 CFR 902.2(a)](/cfr/31/902.2.md?p=a).
- (d) The Commission is authorized to impose interest and related charges on debts not subject to [31 U.S.C. 3717](/usc/31/3717.md), in accordance with common law.

## Notes

### Source

Source: 75 FR 19876, Apr. 16, 2010, unless otherwise noted.

### Authority

Authority: 52 U.S.C. 30102(i), 30109, 30107(a), 30111(a)(8); 28 U.S.C. 2461 note; 31 U.S.C. 3701, 3711, 3716-3719, and 3720A, as amended; 31 CFR parts 285 and 900-904.

### Source

Source: 45 FR 15120, Mar. 7, 1980, unless otherwise noted.