District of Columbia § 41-162.04 Interest and penalty for failure to act in timely manner.

District of Columbia Statutes

§ 41-162.04 — Interest and penalty for failure to act in timely manner.

District of Columbia § 41-162.04

Title 41Personal Property.

Ch. 1ARevised Uniform Unclaimed Property Act.

Subch. XIIEnforcement.

This text of District of Columbia § 41-162.04 (Interest and penalty for failure to act in timely manner.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 41-162.04 (2026).

Text

(a)A holder that fails to report, pay, or deliver property within the time prescribed by this chapter shall pay to the Administrator interest at 10% per year on the property or value of the property from the date the property should have been reported, paid, or delivered to the Administrator until the date reported, paid, or delivered.

(b)Except as otherwise provided in § 41-162.05 or § 41-162.06 , the Administrator may require a holder that fails to report, pay, or deliver property within the time prescribed by this chapter to pay to the Administrator, in addition to interest included under subsection (a) of this section, a civil penalty of $200 for each day the duty is not performed, up to a cumulative maximum amount of $5,000.

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(a) A holder that fails to report, pay, or deliver property within the time prescribed by this chapter shall pay to the Administrator interest at 10% per year on the property or value of the property from the date the property should have been reported, paid, or delivered to the Administrator until the date reported, paid, or delivered.

(b) Except as otherwise provided in § 41-162.05 or § 41-162.06 , the Administrator may require a holder that fails to report, pay, or deliver property within the time prescribed by this chapter to pay to the Administrator, in addition to interest included under subsection (a) of this section, a civil penalty of $200 for each day the duty is not performed, up to a cumulative maximum amount of $5,000.