Cold fine: "Huge" interest rate waiting for late payment from 2025

From 2025, the interest rate on late payment of cold penalties can be up to 18% per year. If the penalty is not paid on time, the violator will have to bear interest rate of 0.05% per day. This not only puts financial pressure but can also lead to enforcement of fines.

Traffic violations are increasing, especially violations that are not handled immediately but are recorded through the surveillance camera system on the street. These violations are known as "cold penalties", and with the new regulation, there will be a noticeable change in interest rates for late payment of fines in 2025.

Cold fines are a form of handling violations after the violating vehicles are recorded by surveillance camera systems on the streets. This is a very important tool in controlling and handling traffic violations, especially errors such as running red lights, speeding, or parking illegally. Instead of the traffic police directly handling violations as soon as the violators commit wrongdoing, cold fines allow the authorities to handle violations later, when there is enough information from the surveillance cameras.

Thanks to technology, cold fines have become an indispensable part of ensuring traffic order. However, it is important to comply with the regulations on paying fines, because otherwise, violators will face increased interest rates and other forms of strict handling.

According to the latest information from legal experts, in 2025, the interest rate on late payment of cold penalties could be up to 18% per year. This means that if you don't pay the fine on time, the amount of your fine will add up quickly, putting great financial pressure.

Specifically, according to the provisions of Article 78 of the Law on Handling of Administrative Violations 2012 (amended and supplemented in 2020), if the fine payment deadline is exceeded, the violator will have to bear an interest rate of 0.05% on the total unpaid fine amount for each day of late payment. If calculated on an annual basis, this interest rate can be up to 18.25%. This is an alarming number and a wake-up call for those who are not serious about complying with traffic regulations.

In addition to losing an additional amount of interest, violators also face forms of coercive enforcement of sanctioning decisions in accordance with the law. These forms of enforcement can include impounding vehicles, freezing bank accounts, or even blacklisting violators by authorities.

Moreover, the failure to pay the fine on time also affects the reputation and personal record of the violator. These people may have difficulties in carrying out administrative procedures in the future, such as applying for a driver's license, bank loans or other legal transactions.

According to Article 73 of the Law on Handling of Administrative Violations, the sanctioned individual or organization has 10 days from the receipt of the sanctioning decision to pay the fine. If the sanctioning decision states that the enforcement time is more than 10 days, the violator must comply with that time. In particular, in cases of traffic violations where the sanctioning decision clearly states the time to pay the fine in multiple installments, the total time must not exceed 6 months and the violator is only allowed to pay the fine a maximum of 3 times.

In order to avoid having to pay additional interest or being coerced, violating vehicle owners need to quickly fulfill the obligation to pay fines after receiving the sanctioning decision. If the fine cannot be paid once, it may be requested to be paid repeatedly, but not more than 3 times and not more than 6 months. In addition, the vehicles can pay fines at the State Treasury or into the State Treasury account stated in the sanctioning decision.

Late payment interest rates that can be up to 18% per year will be an important factor in changing people's habits in complying with traffic laws. Paying fines on time not only helps to avoid additional costs but also helps maintain traffic order and safety. Remember that complying with the law is not only an obligation, but also a way to protect personal interests and finances.

Passing a red light: "Flying" a whole month's salary, giving away photos of violations, people are stunned Phạm Đông06:35:09 02/01/2025From January 1/2025/From January 1, 2025, the act of running a red light will be severely sanctioned according to Decree 168/2024/ND-CP. In addition, the use of images from surveillance cameras as evidence will make all violations difficult to deny, contributing to correcting order and safety...