---
kind: "section"
citation: "29 C.F.R. § 20.60"
title: "29"
number: "20.60"
heading: "Application of partial payments to amounts owed."
url: "https://uscodex.org/cfr/29/20.60"
---

# §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.


## Notes

### Authority

Authority: 31 U.S.C. 3711 et seq.; Subpart D is also issued under 5 U.S.C. 5514; Subpart E is also issued under 31 U.S.C. 3720A; Subpart F is also issued under 31 U.S.C. 3720D.

### Source

Source: 50 FR 5202, Feb. 6, 1985, unless otherwise noted.