Common use of Treatment of Indebtedness Clause in Contracts

Treatment of Indebtedness. Failure to pay University Housing fees or paying fees with a dishonored check that has not been redeemed by the University will result in the University taking one or more of the actions identified in section 10 (“Nonpayment of License Fees.”). Such circumstances may also result in the University pursuing the debt via its in-house collection office, assignment of the debt to a private collection agency, suit filed in small claims court, disclosure of the debts, and/or judgment to a credit bureau organization, and/or submission of the name to the California State Franchise Tax Board for offsetting of state income tax refunds. After 60 days of non-payment, debts will be sent to collections. Submission of the debt to a collection agency will result in negative credit information reported to credit bureaus. If any of these collection steps are necessary, the debtor will be held liable for any attorney fees, court costs, and any other collection costs that may occur.

Treatment of Indebtedness. Failure to pay University Student Housing fees or paying fees with a dishonored check that has not been redeemed by the University will result in the University taking one or more of the actions identified in section 10 (“Nonpayment of License Fees.”). Such circumstances may also result in the University pursuing the debt via its in-house collection office, assignment of the debt to a private collection agency, suit filed in small claims court, disclosure of the debts, and/or judgment to a credit bureau organization, and/or submission of the name to the California State Franchise Tax Board for offsetting of state income tax refunds. After 60 days of non-payment, debts will be sent to collections. Submission of the debt to a collection agency will result in negative credit information reported to credit bureaus. If any of these collection steps are necessary, the debtor will be held liable for any attorney fees, court costs, and any other collection costs that may occur.

Treatment of Indebtedness. Failure to pay University Student Housing fees or paying fees with a dishonored check that has not been redeemed by the University will result in the University taking one or more of the actions identified in section 10 (“Nonpayment of License Fees.”). Such circumstances may also result in the University pursuing the debt via its in-house collection office, assignment of the debt to a private collection agency, suit filed in small claims court, disclosure of the debts, and/or judgment to a credit bureau organization, and/or submission of the name to the California State Franchise Tax Board for offsetting of state income tax refunds. After 60 days of non-payment, debts will be sent to collections. Submission of the debt to a collection agency collectionagency will result in negative credit information reported to credit bureaus. If any of these collection steps collectionsteps are necessary, the debtor will be held liable for any attorney fees, court costs, and any other collection costs that may occur.