31 CFR § 391.5 - Waiver approval.

---
identifier: "/us/cfr/t31/s391.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 391.5 - Waiver approval."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "391.5"
section_name: "Waiver approval."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "391"
part_name: "WAIVER OF INTEREST, ADMINISTRATIVE COSTS, AND PENALTIES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "31 U.S.C. 3701; 31 U.S.C. 3711; 31 U.S.C. 3717."
regulatory_source: "50 FR 6344, Feb. 15, 1985, unless otherwise noted."
cfr_part: "391"
---


# 391.5 Waiver approval.

Waivers of late charges shall be approved by the Commissioner of the Bureau of the Fiscal Service or designee, except that compromises and terminations of the underlying claim shall be upon the recommendation of the Chief Counsel in accordance with 31 CFR 5.3.