Common use of Failure to Pay and Delinquent Accounts Clause in Contracts

Failure to Pay and Delinquent Accounts. The Resident will pay interest on any overdue payments based on the ACORN policies as follows: • All fees and charges posted to the Resident’s account are payable by the due date indicated; • If not paid in full, any outstanding account balance is subject to a monthly service charge of 1.5% compounded (19.56% per annum); please refer to the Student Accounts Website for rate changes; and • Outstanding charges on the Resident’s account from prior sessions are subject to a service charge as of the 15th of every month until paid in full. Failure to pay Residence Fees may result in the denial of University privileges including access to the premises, access to transcripts and records of attendance, and the opportunity to register for classes. Delinquent accounts may also be sent to a collection agency for reconciliation.

Failure to Pay and Delinquent Accounts. ‌ The Resident will pay interest on any overdue payments based on the ACORN policies as follows: • All fees and charges posted to the Resident’s account are payable by the due date indicated; • If not paid in full, any outstanding account balance is subject to a monthly service charge of 1.5% compounded (19.56% per annum); please refer to the Student Accounts Website xxxx://xxx.xxxx.xxxxxxxx.xx/ for rate changes; and • Outstanding charges on the Resident’s account from prior sessions are subject to a service charge as of the 15th of every month until paid in full. Failure to pay Residence Fees may result in the denial of University privileges including access to the premises, access to transcripts and records of attendance, and the opportunity to register for classes. Delinquent accounts may also be sent to a collection agency for reconciliation.