The Administrator:
(1) May waive, in whole or in part, interest under § 41-162.04(a) and penalties under § 41-162.04(b) or § 41-162.05; and
(2) Shall waive a penalty under § 41-162.04(b) if the Administrator determines that the holder acted in good faith and without negligence.
(Nov. 13, 2021, D.C. Law 24-45, § 7077, 68 DCR 010163.)
Structure District of Columbia Code
Chapter 1A - Revised Uniform Unclaimed Property Act
§ 41–162.01. Judicial action to enforce liability
§ 41–162.02. Interstate and international agreement; cooperation
§ 41–162.03. Action involving another state or foreign country
§ 41–162.04. Interest and penalty for failure to act in timely manner
§ 41–162.05. Other civil penalties
§ 41–162.06. Waiver of interest and penalty
§ 41–162.07. Right to administrative hearing; entry of civil judgment by Superior Court