24 Jul 2025
💰Interest Rate on Overdue Debts Announced by HHS
Notice of Interest Rate on Overdue Debts
Summary
The Department of Health and Human Services has issued a notice detailing the interest rate on overdue debts, currently set at 11 5/8%. This rate will be applied until revised by the Secretary of the Treasury, impacting financial responsibilities for related debts. Regular updates will be published in the Federal Register.
Agencies
- Health and Human Services Department
- N/A
Business Impact
$$ - Med
The regulatory notice specifies the interest rate on overdue debts owed to the Department of Health and Human Services, which directly affects financial obligations for businesses that have such debts. Complying with this rate is crucial for maintaining financial standing and avoiding penalties.