Title 25

SECTION 162.249

162.249 Will any special fees be assessed on delinquent rent payments due under an agricultural lease

§ 162.249 Will any special fees be assessed on delinquent rent payments due under an agricultural lease?

The following special fees will be assessed if rent is not paid in the time and manner required, in addition to any interest or late payment penalties that must be paid to the Indian landowners under an agricultural lease. The following special fees will be assessed to cover administrative costs incurred by the United States in the collection of the debt:

The tenant will pay * * * For * * *
(a) $50.00 Administrative fee for dishonored checks.
(b) $15.00 Administrative fee for BIA processing of each notice or demand letter.
(c) 18% of balance due Administrative fee charged by Treasury following referral for collection of delinquent debt.