According to Title 26, what happens if registration fees are not paid on time?

When registration fees are not paid on time, Title 26 establishes that interest will accrue on the unpaid fees. This provision is aimed at encouraging timely payment while also ensuring that the state is compensated for the delay in receipt of registration fees. As fees remain unpaid, the accruing interest adds an additional financial obligation for the vehicle owner, motivating prompt payment to avoid accumulating further charges.

This mechanism is designed to maintain an effective funding model for state transportation services, as late payments can hinder necessary budget allocations. The policy underscores the importance of adhering to payment schedules to avoid extra costs associated with delayed registration fees.