Common use of Collection Agency Fees Clause in Contracts

Collection Agency Fees. I understand and agree that if my student account remains unpaid beyond the end of the semester for which I incur charges, interest of 1.5% per month (18% APR) will begin to accrue on my unpaid balance. I further understand that my delinquent account may be reported to one or more of the nationwide credit reporting bureaus and may be turned over to an outside agency for collection. COMMUNICATION: I understand all correspondence from Utah Valley University will be sent to my myUVU email account (including my billing statements) and therefore I am responsible for reading the e-mails I receive from UVU on a timely basis. I agree to keep my contact information current with UVU and further agree to allow Utah Valley University and its agents to contact me at any address, telephone, or cell phone number that I provide now or in the future. Method of Communication: I understand that Utah Valley University uses electronic billing (e-bill) as its official billing method and that all correspondence from Utah Valley University, including my e-bills and other notifications of outstanding debt, will be sent to my myUVU email account. I further understand that the University may send correspondence and paper bills via the U.S. Postal Service to my Local and/or Permanent address(es) listed in myUVU. Therefore, I acknowledge that I am responsible for reading the emails and all other correspondence I receive from UVU on a timely basis. I understand that failure to review my bill does not constitute a valid reason for not paying my bill on time. Contact Information and Consent to Communication: I agree to keep my contact information current with UVU for purposes of continued communication regarding any amounts that remain due and owing to UVU or to receive general information from UVU.