29 C.F.R. § 20.58 Rate of interest.
Title 29 - Labor
(a) The rate of interest assessed shall be the rate of the current value of funds to the United States Treasury as published in the (b) The rate of interest as initially assessed shall remain fixed for the duration of the indebtedness, except that where a debtor has defaulted on a repayment agreement and seeks to enter into a new agreement, the agency may set a new interest rate which reflects the current value of funds to the Treasury at the time the new agreement is executed. (c) Interest shall not be assessed on interest, penalties or administrative costs required by this subpart. However, if the debtor defaults on a previous repayment agreement, charges which accrued but were not collected under the defaulted agreement shall be added to the principal to be paid under a new repayment agreement.
Title 29: Labor
PART 20—FEDERAL CLAIMS COLLECTION
Subpart C—Interest, Penalties and Administrative Costs
§ 20.58 Rate of interest.