Common use of DEFERRED PAYMENT ARRANGEMENTS FOR RESIDENTIAL ECONOMIC HARDSHIP Clause in Contracts

DEFERRED PAYMENT ARRANGEMENTS FOR RESIDENTIAL ECONOMIC HARDSHIP. In cases of temporary residential consumer economic hardship, the Cooperative may allow a deferred payment arrangement for payment of the deposit or for payment of a delinquent bill. (a) If a residential consumer demonstrates that economic hardship prevents payment in full of a delinquent bill that is not already covered by a deferred payment plan, the Cooperative may restore or continue service to the consumer if the consumer agrees to a deferred payment plan, signed by both the Cooperative and consumer. The deferred payment plan should meet the following requirements: (1) The consumer agrees to pay one-third (or less at the Cooperative’s option) of the outstanding bill at the time the deferred payment agreement is signed; (2) The consumer agrees to pay all future bills for Cooperative service in accordance with the provisions of this section; and (3) The consumer agrees to pay the remaining outstanding balance in installments over a period not to exceed twelve (12) months. (b) The Cooperative will not require any deferred payment agreement to have a duration of less than three (3) months. (c) In determining a reasonable deferred payment plan schedule, the Cooperative will discuss with the consumer and consider the following conditions: (1) size of the delinquent account; (2) consumer's ability to pay; (3) consumer's payment history; (4) length of time the debt has been outstanding; (5) circumstances that resulted in the outstanding debt; and (6) any other relevant factors related to the circumstances of the consumer.

DEFERRED PAYMENT ARRANGEMENTS FOR RESIDENTIAL ECONOMIC HARDSHIP. In cases of temporary residential consumer economic hardship, the Cooperative may allow a deferred payment arrangement for payment of the deposit or for payment of a delinquent bill. (a) If a residential consumer demonstrates that economic hardship prevents payment in full of a delinquent bill that is not already covered by a deferred payment plan, the Cooperative may restore or continue service to the consumer if the consumer agrees to a deferred payment plan, signed by both the Cooperative and consumer. The deferred payment plan should meet the following requirements:plan (1) The consumer agrees to pay one-third (or less at the Cooperative’s option) of the outstanding bill at the time the deferred payment agreement is signed; (2) The consumer agrees to pay all future bills for Cooperative service in accordance with the provisions of this section; and (3) The consumer agrees to pay the remaining outstanding balance in installments over a period not to exceed twelve (12) months. (b) The Cooperative will not require any deferred payment agreement to have a duration of less than three (3) months. (c) In determining a reasonable deferred payment plan schedule, the Cooperative will discuss with the consumer and consider the following conditions: (1) size of the delinquent account; (2) consumer's ability to pay; (3) consumer's payment history; (4) length of time the debt has been outstanding; (5) circumstances that resulted in the outstanding debt; and (6) any other relevant factors related to the circumstances of the consumer.

DEFERRED PAYMENT ARRANGEMENTS FOR RESIDENTIAL ECONOMIC HARDSHIP. In cases of temporary residential consumer economic hardship, the Cooperative may allow a deferred payment arrangement for payment of the deposit or for payment of a delinquent bill. (a) If a residential consumer demonstrates that economic hardship prevents payment in full of a delinquent bill that is not already covered by a deferred payment plan, the Cooperative may restore or continue service to the consumer if the consumer agrees to a deferred payment plan, signed by both the Cooperative and consumer. The deferred payment plan should meet the following requirements: (1) The consumer agrees to pay one-third (or less at the Cooperative’s option) of the outstanding bill at the time the deferred payment agreement is signed; (2) The consumer agrees to pay all future bills for Cooperative service in accordance with the provisions of this section; and (3) The consumer agrees to pay the remaining outstanding balance in installments over a period not to exceed twelve (12) months. (b) The Cooperative will not require any deferred payment agreement to have a duration of less than three (3) months. (c) In determining a reasonable deferred payment plan schedule, the Cooperative will discuss with the consumer and consider the following conditions: (1) size of the delinquent account; (2) consumer's ’s ability to pay; (3) consumer's ’s payment history; (4) length of time the debt has been outstanding; (5) circumstances that resulted in the outstanding debt; and (6) any other relevant factors related to the circumstances of the consumer.

DEFERRED PAYMENT ARRANGEMENTS FOR RESIDENTIAL ECONOMIC HARDSHIP. In cases of temporary residential consumer economic hardship, the Cooperative may allow a deferred payment arrangement for payment of the deposit or for payment of a delinquent bill. (a) If a residential consumer demonstrates that economic hardship prevents payment in full of a delinquent bill that is not already covered by a deferred payment plan, the Cooperative may restore or continue service to the consumer if the consumer agrees to a deferred payment plan, signed by both the Cooperative and consumer. The deferred payment plan should meet the following requirements: (1) The consumer agrees to pay one-third (or less at the Cooperative’s option) of the outstanding bill at the time the deferred payment agreement is signed;payment (2) The consumer agrees to pay all future bills for Cooperative service in accordance with the provisions of this section; and (3) The consumer agrees to pay the remaining outstanding balance in installments over a period not to exceed twelve (12) months. (b) The Cooperative will not require any deferred payment agreement to have a duration of less than three (3) months. (c) In determining a reasonable deferred payment plan schedule, the Cooperative will discuss with the consumer and consider the following conditions: (1) size of the delinquent account; (2) consumer's ability to pay; (3) consumer's payment history; (4) length of time the debt has been outstanding; (5) circumstances that resulted in the outstanding debt; and (6) any other relevant factors related to the circumstances of the consumer.