§ 607.6. Payment of assessment.
115 words·~1 min read·
/us/cfr/t12/s§ 607.6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)System institutions shall pay the amounts due as scheduled in the FCA Notice of Assessment. Payment shall be made by electronic funds transfer
(EFT)for credit to the FCA's account in the Department of the Treasury, by check to the FCA for deposit, or by such other means as the FCA may authorize.
(b)Payments made by EFT that are not received by the close of business on the due date shall be considered delinquent in accordance with § 607.7.
(c)Payments made by check that are not received by the FCA before the close of business on the third workday preceding the due date shall be considered delinquent in accordance with § 607.7.