OAR 410-120-1940: Interest Payments on Overdue Claims

(1) Upon request by the provider, the Division will pay interest on an overdue claim: (a) A claim is considered “overdue” if Division does not make payment within 45 days of receipt of a valid claim; (b) The interest rate shall be the usual rate charged by the provider to the provider’s clientele, but not more than 2/3 percent per month or eight percent per year. (2) When billing Division for interest on an overdue valid claim the provider must furnish the following information in writing: (a) Name of the service and the location the service was provided; (b) The name of the client who received the service; (c) Client ID Number; (d) Date of service; (e) Date of initial valid billing of the Division; (f) Amount of billing on initial valid claim; (g) Division Internal Control Number (ICN) of claim; (h) Certification, signed by the provider or the provider’s authorized agent, that the amount claimed does not exceed the usual overdue account charges assessed by the provider to the provider’s clientele.