---
kind: "section"
citation: "22 C.F.R. § 34.6"
title: "22"
number: "34.6"
heading: "Interest, penalties, and administrative costs."
url: "https://uscodex.org/cfr/22/34.6"
---

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


Except as otherwise provided by statute, contract or excluded in accordance with the FCCS, STATE will assess:

- (a) Interest on delinquent debts in accordance with [31 CFR 901.9](/cfr/31/901.9.md).
- (b) Penalties at the rate of 6 percent a year or such other rate as authorized by law on any portion of a debt that is delinquent for more than 90 days.
- (c) **Administrative costs to cover the costs of processing and calculating delinquent debts.**
- (d) Late payment charges under paragraphs [(a)](#a) and [(b)](#b) of this section shall be computed from the date of delinquency.
- (e) When a debt is paid in partial or installment payments, amounts received shall be applied first to outstanding penalty and administrative cost charges, second to accrued interest, and then to outstanding principal.
- (f) STATE shall consider waiver of interest, penalties and/or administrative costs in accordance with the FCCS, [31 CFR 901.9(g)](/cfr/31/901.9.md?p=g).

## Notes

### Authority

Authority: 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 31 CFR part 285; 31 CFR parts 900-904; 5 CFR part 550, subpart K.

### Source

Source: 71 FR 16482, Apr. 3, 2006, unless otherwise noted.