Or. Admin. R. 658-010-0040

Current through Register Vol. 63, No. 8, August 1, 2024

Section 658-010-0040 - Penalties

(1) In addition to the penalties prescribed in ORS 576.991, any person who delays transmittal of funds beyond the time set by a commodity commission shall pay a penalty of 10 percent of the amount due and shall also pay one and one-half percent interest per month on the unpaid balance of the assessment. A commission may waive the penalty and interest upon showing of good cause.

(2) If any person responsible for the transmittal of assessment moneys to a commodity commission fails to relinquish assessment moneys collected, the person shall pay a penalty equal to twice the amount of the unrelinquished assessment moneys.

OPC 2-2007, f. & cert. ef. 7-17-07

Stat. Auth.: ORS 576

Stats. Implemented: ORS 576.355 and ORS576.365