Collection Agency Fees. I understand and accept that if I fail to pay my student account bill or any monies due to Fontbonne University by the scheduled due date, and fail to make payment arrangements acceptable to Fontbonne University to bring my account current, Fontbonne University may refer my delinquent account to a collection agency. I further understand that if my account is referred for collection that I will be responsible for paying a collection fee based on a percentage at the maximum rate allowed by state and federal regulations along with all cost and expenses, including court costs and reasonable attorney’s fees, necessary for the collection of my delinquent account. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus.
Collection Agency Fees. I understand and accept if I fail to pay my student account bill or any monies due and owing MACC by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, MACC may refer my account to a collection agency. I further understand if MACC refers my student account balance to a third party for collection, whether an attorney or collection agency, I will be responsible for any costs (including but not limited to collection fees) associated with attempting to collect the monies due and owing. I understand a collection fee will be assessed and will be due and owing in full at the time of the referral to the third party. The collection fee will be calculated at the maximum amount permitted by applicable law but not to exceed 40% of the amount outstanding. For purposes of this provision, the third party may be a debt collection company or an attorney. If a lawsuit is filed to recover an outstanding balance, I shall also be responsible for any costs associated with the lawsuit such as court costs or other applicable costs. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus. COMMUNICATION
Collection Agency Fees. I understand and accept that if I fail to pay my student account balance in full or any monies due and owing the University of Pittsburgh by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, the University of Pittsburgh may refer my delinquent account to a collection agency. I further understand that if the University of Pittsburgh refers my student account balance to a third party for collection, a collection fee will be assessed that I will pay the Collection Agency, in addition to the amount owed the University of Pittsburgh. The collection fee will be calculated at the maximum amount permitted by applicable law, but not to exceed 33.3 percent of the amount outstanding. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus.
Examples of Collection Agency Fees in a sentence
Collection Agency Fees: I understand and accept that if I fail to pay my student’s account or any monies due and owing PLU by the scheduled due date, and fail to make acceptable payment arrangements to bring my student’s account current, PLU may refer their delinquent account to a collection agency.
The University requires that our Student Loan Billing Servicer’s (contractor’s) Software have the ability to automatically calculate and display Collection Agency Fees Due (on-line and in real-time) once an account is placed with a Collection Agency – and not at the time when a Collection Agency Payment is being applied to the borrower’s account.
Collection Agency Fees: I understand and accept that if I fail to pay my student account bill or any monies due and owing CCAC by the scheduled due date, and fail to make official and acceptable payment arrangements to bring my account current, CCAC may refer my delinquent account to a collection agency.
Collection Agency Fees: I understand and accept that if I fail to pay my student account bill or any monies due and owing Colby Community College by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Colby Community College may refer my delinquent account to a collection agency.
Collection Agency Fees: I understand and accept that if I fail to pay my student account bill or any monies due and owing the Connecticut Community Colleges by the scheduled due date and fail to make acceptable payment arrangements to bring my account current, the Connecticut Community Colleges may refer my delinquent account to a collection agency and the College may no longer accept direct payments.
More Definitions of Collection Agency Fees
Collection Agency Fees. I understand and accept that if I fail to pay my student account in full by the scheduled due date(s), and/or fail to make acceptable payment arrangements to bring my account current, Aurora University may refer my delinquent account to a third-party collection agency. I further understand that if Aurora University refers my student account balance to a such a third-party collection agency, a collection fee will be assessed and due in full at the time of the referral to the third party. The collection fee will be calculated at the maximum amount permitted by applicable law, which can be as high as 50%. For purposes of this provision, the third party may be a licensed debt collection company or an attorney. If a lawsuit is filed to recover an outstanding balance, I shall also be responsible for any costs associated with the lawsuit such as court costs or other applicable costs. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus. COMMUNICATION
Collection Agency Fees. By signing this contract, the student understands and agrees that failure to pay their student account bill or any monies due and owing the University of Southern Indiana by the scheduled due date and failure to make acceptable payment arrangements to bring their account current, the University of Southern Indiana may refer the delinquent account to a collection agency. By signing this contract, the student further understands and agrees that if the University of Southern Indiana refers their student account balance to a third party for collection, a collection fee will be assessed and will be due in full at the time of the referral to the third party. The collection fee will be calculated at the maximum amount permitted by applicable law, but not to exceed 30% of the amount outstanding. Finally, the student understands and agrees that their delinquent account may be reported to one or more of the national credit bureaus. Communication
Collection Agency Fees. I understand and accept that if I fail to pay my student account bill or any monies due and owing Xxxxxxx College by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Xxxxxxx College may refer my delinquent account to a collection agency. I further understand that if Xxxxxxx College refers my student account balance to a third party for collection, a collection fee will be assessed and will be due in full at the time of the referral to the third party. The collection fee will be calculated at the maximum amount permitted by applicable law, but not to exceed 50% of the amount outstanding. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus COMMUNICATION Method of Communication: I understand and agree that Xxxxxxx College uses e-mail as an official method of communication with me, and that therefore I am responsible for reading the e-mails I receive from Xxxxxxx College on a timely basis. Contact: I authorize Xxxxxxx College and its agents and contractors to contact me at my current and any future cellular phone number(s), email address(es) or wireless device(s) regarding my delinquent student account(s)/loan(s), any other debt I owe to Xxxxxxx College, or to receive general information from Xxxxxxx College. I authorize Xxxxxxx College and its agents and contractors to use automated telephone dialing equipment, artificial or pre-recorded voice or text messages, and personal calls and emails, in their efforts to contact me. Furthermore, I understand that I may withdraw my consent to call my cellular phone by submitting my request in writing to the Student Account Services Office or in writing to the applicable contractor or agent contacting me on behalf of Xxxxxxx College.
Collection Agency Fees. I understand and accept that if I fail to pay my student account bill or any monies due and owing Upper Iowa University by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Upper Iowa University may refer my delinquent account to a collection agency. I further understand that I am responsible for paying the collection agency fee which may be based on a percentage of my delinquent account, together with all costs and expenses, including reasonable attorney’s fees, necessary for the collection of my delinquent account. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus. COMMUNICATION Method of Communication I understand and agree that Upper Iowa uses my Peacock e-mail as an official method of communication with me, and that therefore I am responsible for reading the e-mails I receive from Upper Iowa University on a timely basis.
Collection Agency Fees. I understand and accept that if I fail to pay my student account xxxx or any monies due and owing Xxxxx by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Xxxxx may refer my delinquent account to a collection agency. I further understand that my delinquent account may be reported to one or more of the national credit bureaus.
Collection Agency Fees. I understand and accept that if I fail to pay my student account bill or any monies due and owing {Institution Name} by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, {Institution Name} may refer my delinquent account to a collection agency. I further understand that I am responsible for paying the collection agency fee which may be based on a percentage at a maximum of {Institution maximum percentage} percent of my delinquent account, together with all costs and expenses, including reasonable attorney’s fees, necessary for the collection of my delinquent account. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus. Collection Agency Fees cont. • Fees must be included in the agreement in order to pass on to student/borrower. • The student/borrower must have given expressed (signed) consent and agreement that fees are added on to balance and that agreement must be signed before the debt is incurred. • Any % based fee must be clearly defined and stated in the agreement and it is illegal to attempt to collect more than is stated within the agreement. • Reference to handbook or disclosures on the web site are not sufficient to prove acceptance of the terms and conditions. Safe Harbor • You agree to reimburse us the fees of any collection agency, which may be based on a percentage at a maximum of 33% of the debt, and all costs and expenses, including reasonable attorneys’ fees we incur in such collection efforts. • Challenged and upheld in the 7th Circuit Court of Appeals, (see Xxxxxxx vs Alltrain Education, 02/07/18) What happens next? How does the wind blow at your institution? References • NACUBO Advisory Report 2015-1 • COHEO – Financial Responsibility Agreements • Xxxxxxxxxxxxx.xxx News
Collection Agency Fees. I understand and accept that if I fail to pay my student account bill or any monies due to Fontbonne University by the scheduled due date, and fail to make payment arrangements acceptable to Fontbonne University to bring my account current, Fontbonne University may refer my delinquent account to a collection agency. I further understand that if my account is referred for collection that I will be responsible for paying a collection fee based on a percentage at the maximum rate allowed by state and federal regulations along with all cost and expenses, including court costs and reasonable attorney’s fees, necessary for the collection of my delinquent account. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus. COMMUNICATION I understand and agree that I am expected to set up a University email account for use during the time in which I am enrolled at Fontbonne University and that all communication will be sent to this University email. I understand and agree that I am responsible for keeping Fontbonne University records up to date with my current mailing address, email addresses, and phone numbers. Furthermore, I understand that failure to do so does not absolve me from my financial responsibilities. Student Printed Name: Student ID #: Student Date of Birth: