N.Y. Comp. Codes R. & Regs. tit. 17 § 830.6

Current through Register Vol. 46, No. 25, June 18, 2024

Section 830.6 - Service charges

(a) Service charges shall not apply when credit is extended and payments are made within the standard credit period. The term standard credit period, as used in the preceding sentence, means:

(1) the credit period prescribed in section 830.1 of this Part; or

(2) a substitute credit period published in a tariff rule pursuant to the authorization in section 830.5 of this Part.

(b) Carriers may, by tariff rules, extend credit for an additional time period, subject if they wish to a service charge for that additional time. The combined length of the carrier's standard credit period (as defined in paragraph [a][1] of this section) and its additional credit period shall not exceed the 30-day maximum credit period prescribed in section 830.5 of this Part. When such a tariff rule is in effect, shippers may elect to postpone payment until the end of the extended credit period if, in consideration therefor, they include any published service charges when making their payments.

(c) Carriers may, by tariff rule, establish service charges for payments made after the expiration of an authorized credit period. Such a rule shall:

(1) institute such charges on the day following the last day of an authorized credit period; and

(2) notify shippers:

(i) that its only purpose is to prevent a shipper who does not pay on time from having free use of funds due to the carrier;

(ii) that it does not sanction payment delays; and

(iii) that failure to pay within the authorized credit period will, despite this provision for such charges, continue to require the carrier, before again extending credit, to determine in good faith whether the shipper will comply with the credit regulations in the future.

(d) Tariff rules that establish charges pursuant to subdivision (b) or (c) of this section may establish minimum charges.

N.Y. Comp. Codes R. & Regs. Tit. 17 § 830.6