Code of Federal Regulations · Section
§ 20.60 — Application Of Partial Payments To Amounts Owed
29 C.F.R. § 20.60
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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.
Authorizing Statute
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Reduction of tax refund by amount of debt31 U.S.C. § 3720A
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Installment deduction for indebtedness to the United States5 U.S.C. § 5514
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Collection and compromise31 U.S.C. § 3711
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Garnishment31 U.S.C. § 3720D