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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 45 - Public Welfare |
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Subtitle B - Regulations Relating to Public Welfare |
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Chapter II - Office of Family Assistance (Assistance Programs), Administration for Children and Families, Department of Health and Human Services |
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Part 286 - Tribal TANF Provisions |
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Subpart D - Accountability and Penalties |
§ 286.210 - What is the penalty for a Tribe's failure to repay a Federal loan?
Latest version.
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§ 286.210 What is the penalty for a Tribe's failure to repay a Federal loan?
(a) If a Tribe fails to repay the amount of principal and interest due at any point under a loan agreement:
(1) The entire outstanding loan balance, plus all accumulated interest, becomes due and payable immediately; and
(2) We will reduce the TFAG payable for the immediately succeeding fiscal year quarter by the outstanding loan amount plus interest.