Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter X - Agricultural Marketing Service (Marketing Agreements and Orders; Milk), Department of Agriculture |
Part 1065 - MILK IN THE NEBRASKA-WESTERN IOWA MARKETING AREA |
Subpart A - Order Regulating Handling |
Payments for Milk |
§ 1065.78 - Charges on overdue accounts.
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Any obligation of a handler pursuant to §§ 1065.71, 1065.76, 1065.77(a), 1065.85, and 1065.86, for which remittance has not been made (or, if mailed, postmarked) by the date specified for such payment, shall be increased one percent, and any remaining amount due shall be increased at the same rate on the corresponding day of each month thereafter until paid. The amounts payable pursuant to this section shall include unpaid charges previously made pursuant to this section. For the purpose of this section, any obligation that was determined at a date later than prescribed by the order because of a handler's failure to submit a report to the market administrator when due
shall be considered to have been payable by the date it would have been due if the report had been filed when due.