9 Va. Admin. Code § 25-870-770

Current through Register Vol. 40, No. 22, June 17, 2024

Section 9VAC25-870-770 - [Repealed effective 7/1/2024] Incomplete and late payments

All incomplete payments will be deemed as nonpayments. The department or the VSMP authority, as applicable, shall provide notification to the state applicant of any incomplete payments.

Interest may be charged for late payments at the underpayment rate set forth in § 58.1-15 of the Code of Virginia and is calculated on a monthly basis at the applicable periodic rate.

A 10% late payment fee shall be charged to any delinquent (over 90 days past due) account.

The department and the VSMP authority are entitled to all remedies available under the Code of Virginia in collecting any past due amount.

9 Va. Admin. Code § 25-870-770

Derived From Virginia Register Volume 30, Issue 2, eff. October 23, 2013; Repealed, Virginia Register Volume 40, Issue 8, eff. 7/1/2024.

Statutory Authority: § 62.1-44.15:28 of the Code of Virginia; Chapters 68 and 758 of the 2016 Acts of Assembly.