Waiver of interest and penalty

  1. Law
  2. District of Columbia Code
  3. Personal Property
  4. Revised Uniform Unclaimed Property Act
  5. Enforcement
  6. Waiver of interest and penalty

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The Administrator:

(1) May waive, in whole or in part, interest under § 41-162.04(a) and penalties under § 41-162.04(b) or § 41-162.05; and

(2) Shall waive a penalty under § 41-162.04(b) if the Administrator determines that the holder acted in good faith and without negligence.

(Aug. 23, 2021, D.C. Act 24-159, § 7077, 68 DCR 008602.)


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