Common use of Collection Agency Fees Clause in Contracts

Collection Agency Fees. If the University considers it necessary to engage the services of a collection agency or attorney to obtain payment, then You must pay an additional collection fee of 15% of the principal balance plus any attorney fees, reasonable expenses, and other costs incurred, to the maximum extent allowed under applicable law.

Appears in 4 contracts

Samples: Statement and Electronic Consent, Statement and Electronic Consent, Statement and Electronic Consent

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