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Interest Rates on Overdue and Delinquent Debts

4150-04 Notice of Interest Rate on Overdue Debts

Section 30.18 of the Department of Health and Human Services' claims collection regulations (45 CFR Part 30) provides that the Secretary shall charge an annual rate of interest, which is determined and fixed by the Secretary of the Treasury after considering private consumer rates of interest on the date that the Department of Health and Human Services becomes entitled to recovery. The rate cannot be lower than the Department of Treasury's current value of funds rate or the applicable rate determined from the "Schedule of Certified Interest Rates with Range of Maturities" unless the Secretary waives interest in whole or part, or a different rate is prescribed by statute, contract, or repayment agreement. The Secretary of the Treasury may revise this rate quarterly. The Department of Health and Human Services publishes this rate in the Federal Register.

The current rate of 10 1/8 %, as fixed by the Secretary of the Treasury, is certified for the quarter ended September 30, 2013. This rate is based on the Interest Rates for Specific Legislation, “National Health Services Corps Scholarship Program (42 USC 250(B)(1)(A))” and “National Research Service Award Program (42 USC 288(c)(4)(B)).”  This interest rate will be applied to overdue debt until the Department of Health and Human Services publishes a revision.

Director, Office of Financial Policy and Reporting
Margie Yanchuk
(202) 205-7239
Updated: October 18, 2013

Chronological Listing of Rates:

Treasury Certification

HHS Application

Rate

July – September 2013October – December 2013101/8 %
April – June 2013July – September 2013103/8 %
January – March 2013April – June 2013101/8 %
October - December 2012January - March 2013105/8 %
 

Treasury Certification

HHS Application

Rate

July – September 2012October – December 2012103/8 %
April – June 2012July – September 201211%
January – March 2012April – June 2012107/8 %
October – December 2011January – March 2012101/2 %
 

Treasury Certification

HHS Application

Rate

July – September 2011October – December 2011107/8 %
April – June 2011July – September 2011111/2 %
January - March 2011April – June 201111%
October - December 2010January – March 2011 11%
 

Treasury Certification

HHS Application

Rate

October - December 2009January – March 2010 111/4%
January - March 2010April – June 2010107/8%
April - June 2010July – September 2010 11%
July - September 2010October - December 201010 3/4%
 

Treasury Certification

HHS Application

Rate

October – December 2008January – March 2009113/8%
January – March 2009April – June 200911%
April – June 2009July – September 2009111/4%
July – September 2009October – December 2009107/8%
 

Treasury Certification

HHS Application

Rate

September - December 2007January – March 2008121/8%
January - March 2008April - June 2008113/8%
April - June 2008July - September 2008111/8%
July - September 2008October - December 2008113/8%
 

Treasury Certification

HHS Application

Rate

October - December 2006January - March 2007121/2%
January - March 2007April - June 2007123/8%
April - June 2007June - September 2007125/8%
June - September 2007September - December 2007121/2%
 

Treasury Certification

HHS Application

Rate

October - December 2005January - March 2006117/8%
January - March 2006April - June 2006121/8%
April - June 2006July - September 2006125/8%
July - September 2006October - December 2006123/8%
 

Treasury Certification

HHS Application

Rate

October - December 2004January - March 2005117/8%
January - March 2005April - June 200512%
April - June 2005July - September 200512%
July - September 2005October - December 2005121/4%
 

Treasury Certification

HHS Application

Rate

October - December 2003January - March 200412%
January - March 2004April - June 2004117/8%
April - June 2004July - September 2004113/4%
July-September 2004October - December 200412%
 

Treasury Certification

HHS Application

Rate

October - December 2002January - March 2003103/4%
January - March 2003April - June 2003115/8%
April - June 2003July - September 2003121/8%
July - September 2003October - December 200312%
 

Treasury Certification

HHS Application

Rate

October - December 2001January - March 2002125/8%
January - March 2002April - June 2002113/4%
April - June 2002July - September 2002125/8%
July - September 2002October - December 2002111/4%
 

Treasury Certification

HHS Application

Rate

October - December 2000January - March 2001141/8%
January - March 2001April - June 2001133/4%
April - June 2001July - September 2001131/4%
July - September 2001October - December 2001131/4%
 

Treasury Certification

HHS Application

Rate

October - December 1999January - March 2000131/2%
January - March 2000April - June 2000133/4%
April - June 2000July - September 2000137/8%
July - September 2000October - December 2000137/8%

 

Also see FY1989-1999 Interest on Overdue and Delinquent Debt

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