RATES DEFERRAL AND INTEREST HOLD Sample Clauses

RATES DEFERRAL AND INTEREST HOLD. If the ratepayer is unable to enter into a payment arrangement immediately, they may be eligible for deferral with an interest hold from the date of application to an agreed end date tailored to the specific deferral and repayment plan. Initial deferral periods will be for up to 6 months, and a review of the applicant’s status will be undertaken at this time to determine if: - A payment arrangement can be commenced. - A further deferral and interest hold is required due to continued restrictions. If any debt is still outstanding at a deferral end date, and no payment arrangement has been approved, the existing Rate Recovery & Financial Hardship Policy will apply. Reasonable attempts to contact a customer, and the negotiation of a payment arrangement may be conducted at this time. Rate Notices will continue to be issued while deferrals are in place.
Sample 1
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