§408.515. When do we make SVB payments?
20 C.F.R. § 408.515
SVB payments are made on the first day of each month and represent payment for that month. If the first day of the month falls on a Saturday, Sunday, or Federal legal holiday, payment will be made on the first day preceding such day that is not a Saturday, Sunday, or Federal legal holiday.
Notes, amendments, and revision history
Authority
Authority: Secs. 702(a)(5), 801, 805, and 810 of the Social Security Act (42 U.S.C. 902(a)(5), 1001, 1005, and 1010); Sec. 251, Pub. L. 106-169, 113 Stat. 1844.
Source
Source: 68 FR 16418, Apr. 4, 2003, unless otherwise noted.