28 U.S.C. § 2718
Section 2718 · Interest on balances due department
Amended 1 time on record
Applied in 1 court decisions — leading case 139 F. Supp. 2d 805 - Tewani Imports, Inc. v. Norwest Bank, N.A. (2001)
Most recently applied in 139 F. Supp. 2d 805 - Tewani Imports, Inc. v. Norwest Bank, N.A. (March 2001)
In suits for balances due the Post Office Department may recover interest at the rate of 6 per centum per year from the time of default.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Codification
Section was derived from R.S. §964, which was originally classified to section 788 of former Title 28. Following the general revision and enactment of Title 28 by act June 25, 1948, R.S. §964 was reclassified to section 846 of Title 39. R.S. §964 was repealed by section 12(c) of Pub. L. 86–682 (section 1 of which revised and enacted Title 39), and reenacted by section 9 thereof as section 2718 of this title.
Change of Name
References to Post Office Department, Postal Service, Postal Field Service, Field Postal Service, or Departmental Service or Departmental Headquarters of Post Office Department to be considered references to United States Postal Service pursuant to Pub. L. 91–375, §6(o), Aug. 12, 1970, 84 Stat. 783, set out as a Cross References note preceding section 101 of Title 39, Postal Service.