§ 20.60. Application of partial payments to amounts owed.
36 words·~1 min read·
/us/cfr/t29/s§ 20.60·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.