---
kind: "section"
citation: "31 C.F.R. § 391.4"
title: "31"
number: "391.4"
heading: "Documentary evidence."
url: "https://uscodex.org/cfr/31/391.4"
---

# §391.4. Documentary evidence.

- (a) When late charges are waived, the debtor's administrative file shall be properly documented with a memorandum. The memorandum shall contain a brief narrative statement describing the circumstances leading to the waiver and the reason(s) for granting the waiver.
- (b) A credit report or a financial statement sworn to by the debtor may be required before waiver of late charges is approved for a compromise, suspension, or termination, except where the cost of obtaining such a report or statement exceeds the late charges due.

## Notes

### Authority

Authority: 31 U.S.C. 3701; 31 U.S.C. 3711; 31 U.S.C. 3717.

### Source

Source: 50 FR 6344, Feb. 15, 1985, unless otherwise noted.