(a) Late payment charges will apply as specified in the lease. The failure to pay these amounts will be treated as a lease violation.
(b) We may assess the following special fees to cover administrative costs incurred by the United States in the collection of the debt, if compensation is not paid in the time and manner required, in addition to the late payment charges that must be paid to the Indian landowners under the lease:
The lessee will pay . . . | For . . . |
---|---|
(1) $50.00 | Any dishonored check. |
(2) $15.00 | Processing of each notice or demand letter. |
(3) 18 percent of balance due | Treasury processing following referral for collection of delinquent debt. |