§ 3933. Fines and penalties under contracts
247 words·~1 min read·
/usc/title-50/section-3933A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Prohibition of penalties When an action for compliance with the terms of a contract is stayed pursuant to this chapter, a penalty shall not accrue for failure to comply with the terms of the contract during the period of the stay.
(b)Reduction or waiver of fines or penalties If a servicemember fails to perform an obligation arising under a contract and a penalty is incurred arising from that nonperformance, a court may reduce or waive the fine or penalty if—
(1)the servicemember was in military service at the time the fine or penalty was incurred; and
(2)the ability of the servicemember to perform the obligation was materially affected by such military service.
(Oct. 17, 1940, ch. 888, title II, § 203, as added Pub. L. 108–189, § 1, Dec. 19, 2003, 117 Stat. 2843.)
Connections4 cite this · traces to 2
Cited by 4 sections
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- Oct. 17, 1940, ch. 888
- Pub. L. 108–189, § 1
- 117 Stat. 2843
- act Oct. 17, 1940, ch. 888
- 54 Stat. 1181
- Pub. L. 108–189
- section 3 of Pub. L. 108–189
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§ 3933
Fines and penalties under contracts
Stat. Comp.×2
Bills×1
U.S.C.×1
ActOct. 17, 1940, ch. 888
Pub. L.Pub. L. 108–189, § 1
Stat.117 Stat. 2843
Actact Oct. 17, 1940, ch. 888
Stat.54 Stat. 1181
Cites 9 · showing 7Cited by 4 across 3 sources