43 CFR 30.420 – What happens if the successful bidder does not submit payment within 30 days?
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(a) If the successful bidder fails to pay the full amount of the bid within 30 days, the judge will issue an order denying the request to purchase or the bid (whichever is applicable) and the interest in the trust or restricted property will be distributed as determined by the judge in the decision or distribution order.
Terms Used In 43 CFR 30.420
- restricted property: as used in this part does not include the restricted lands of the Five Civilized Tribes of Oklahoma or the Osage Nation. See 43 CFR 30.101
(b) The time for payment may not be extended.
(c) Any partial payment received will be returned.