45 C.F.R. § 286.210 What is the penalty for a Tribe's failure to repay a Federal loan?
Title 45 - Public Welfare
(a) If a Tribe fails to repay the amount of principal and interest due at any point under a loan agreement: (1) The entire outstanding loan balance, plus all accumulated interest, becomes due and payable immediately; and (2) We will reduce the TFAG payable for the immediately succeeding fiscal year quarter by the outstanding loan amount plus interest. (b) Neither the reasonable cause provisions at §286.225 nor the corrective compliance plan provisions at §286.230 apply when a Tribe fails to repay a Federal loan.
Title 45: Public Welfare
PART 286—TRIBAL TANF PROVISIONS
Subpart D—Accountability and Penalties
§ 286.210 What is the penalty for a Tribe's failure to repay a Federal loan?
