Common use of Responsibility and Enforcement Clause in Contracts

Responsibility and Enforcement. The Student accepts full responsibility to pay all applicable financial responsibilities under this contract by the scheduled due date. If Student fails to meet the financial responsibilities and has not made arrangements acceptable to University to bring Student’s account current, University may place Student’s name in the University debt file, resulting in a block on future registration for classes or the release of academic transcripts. University may refer a delinquent account to an outside agency for collection. If the Student account is referred to an outside agency, the delinquency may be reported to national credit bureaus and Studentmay be responsible for collection costs and reasonable attorney’s fees, to the extent authorized by the laws of the State of Colorado. In addition, under Colorado law, University may certify to the Colorado Department of Revenue information about the Student, including name, social security number, the amount of the debt and any other identifying information. The Department of Revenue may then disburse funds to CU Boulder in satisfaction of that debt from any tax refund amounts owed to Student.