Past due balances definition

Past due balances means the sum of the due and unpaid assessments on a PACE

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Past due balances. I (we) understand that all past due tuition, fees and care program charges must be current for our child(ren) to attend classes. Any request for an exception must be made in writing to the Administrator. Any outstanding balance can be put on FACTS at the discretion of the school. For accounts in arrears exceeding the late payment policy guidelines, I(we) agree to pay 6% finance charges per month on outstanding balances as of June 30, 2026 and all costs of collection of delinquent payments, including, without limitation, reasonable collection agency fees, attorney’s fees and court costs. Re-enrollment is contingent upon full satisfaction of any unpaid balances owed to the school, unless an alterna- tive payment plan has been previously approved with written, signed agreement by the school and accepted by both parents.

Past due balances. I understand that any balance past due is subject to interest accrual of 10% monthly. I agree that if my account falls into collections, I am responsible to pay interest, penalties, collections and any legal fees derived from this action. A reasonable collections charge will be added to your balance should collections services be necessary to receive payment for your treatment. At that point, confidentiality regarding your name and involvement in therapy can be broken. To avoid this, please pay your bill at the time of service

Examples of Past due balances in a sentence

Past due balances shall be subject to an interest charge at a rate of 12% per year from said thirtieth day.
Past due balances on the amounts due to Enterprise pursuant to this Agreement will be subject to an interest charge of one and one-half percent (1-1/2%) per month or the maximum interest rate permitted by applicable law (whichever is less), computed from the due date of such payment.
Past due balances on any part of your bursar account, including charges associated with this contract, are subject to the bursar’s posted late fees.
Past due balances may be pursued through legal action, and all associated fees will be the responsibility of the family.
Past due balances are subject to a service charge of one and one-half percent (1.5%) or the highest rate allowed by law, whichever is lower.
Past due balances are subject to a service charge up to the maximum amount permitted by applicable law.
Past due balances shall bear interest at the rate of 1% per month or, if lower, the maximum amount permitted by applicable law.
Past due balances are subject to finance charges, interest, and collection fees at the discretion of Source One Spares.
Past due balances on the amounts due to Enterprise pursuant to this Agreement will be subject to an interest charge of one and one-half percent (1.5%) per month or the maximum interest rate permitted by applicable law (whichever is less), computed from the due date of such payment.
Past due balances will be pursued through various communications to collect.

More Definitions of Past due balances

Past due balances. All statements are generated and sent out automatically to the last known address. If we are unable to reach a patient regarding an outstanding balance due to failure to report changes in address, phone number or email on file, the patient is still responsible for the amount owed. It is the responsibility of the patient to pay all outstanding balances accrued from missed copays, deductibles, co insurances, no shows or any other charges. Any past due balance or default from a payment arrangement may result in cancellation of appointments until payment is made in full. An account is considered past due if the balance has not been received within 30 days. An account is considered delinquent if the balance has not been received within 120 days. Once an account reaches delinquent status it will be forwarded to a collection agency. ALL staff is required to enforce all policies. Please be respectful of the staff members. Arguing, shouting, or aggressive behavior will not be tolerated.