XIII: Delinquent Bills: Difference between revisions

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A. Bills become delinquent if not paid by their due date or otherwise resolved by the member according to section XV of this code. A late fee shall be charged for each delinquent installment as an approximation of liquidated damages. An additional fine shall be imposed two weeks later.
A. Bills become delinquent if not paid by their due date or otherwise resolved by the member according to section XII of this code. A late fee shall be charged for each delinquent installment as an approximation of liquidated damages. An additional fine shall be imposed two weeks later.


B. Membership may be terminated for non-payment and non-deferral of delinquent rent. Termination shall be conducted according to procedures described in AdCode section IV.A.2., subject to law.
B. Membership may be terminated for non-payment and non-deferral of delinquent rent. Termination shall be conducted according to procedures described in AdCode [https://policy.bsc.coop/index.php/IV:_Contract_Termination_and_Disposition_of_Deposits Section IV.A], subject to law.


C. The BSC reserves the right to charge interest on all unpaid charges at a rate approximating the cost of money to the BSC, to be determined annually by the Board of Directors upon the advice of the Executive Director.
C. A member terminated for nonpayment may appeal their termination on the grounds that they have the ability to pay by requesting a payment extension from the Administrative Team before their fifteen-day notice expires. This request shall constitute the appeal of their termination.


D. A balance of $50 of less will not result in incurred late fees
D. The BSC reserves the right to charge interest on all unpaid charges at a rate approximating the cost of money to the BSC, to be determined annually by the Board of Directors upon the advice of the Executive Director.


E. In the event that no suitable disposition can be made of the account after reasonable period of time and the BSC has exhausted all other possibilities open to it in attempting to gain payment, the services of other individuals or organizations may be employed by the Executive Director. These may include: the Dean of Students’ office, the Foreign Student Advisor, a Foreign Consulate, a legal representative, the Small Claims Court, or a licensed collection agency.
E. A balance of $100 or less will not result in incurred late fees


E. Members receive a three-day notice if their rent is delinquent after a fifteen-day notice. If a member does not pay during the three-day notice, the BSC will begin eviction proceedings. If a member receives more than one three-day notice in 18 months, their contract for the following semester will be cancelled. If the member appeals, AdCom must engage in a review of the member’s financial history. Each time a member receives a three-day notice, they will also receive a letter informing them of our three-day notice policy.
F. In the event that no suitable disposition can be made of the account after reasonable period of time and the BSC has exhausted all other possibilities open to it in attempting to gain payment, the services of other individuals or organizations may be employed by the Executive Director. These may include: a legal representative, the Small Claims Court, or a licensed collection agency.

Revision as of 15:30, 5 January 2021

A. Bills become delinquent if not paid by their due date or otherwise resolved by the member according to section XII of this code. A late fee shall be charged for each delinquent installment as an approximation of liquidated damages. An additional fine shall be imposed two weeks later.

B. Membership may be terminated for non-payment and non-deferral of delinquent rent. Termination shall be conducted according to procedures described in AdCode Section IV.A, subject to law.

C. A member terminated for nonpayment may appeal their termination on the grounds that they have the ability to pay by requesting a payment extension from the Administrative Team before their fifteen-day notice expires. This request shall constitute the appeal of their termination.

D. The BSC reserves the right to charge interest on all unpaid charges at a rate approximating the cost of money to the BSC, to be determined annually by the Board of Directors upon the advice of the Executive Director.

E. A balance of $100 or less will not result in incurred late fees

F. In the event that no suitable disposition can be made of the account after reasonable period of time and the BSC has exhausted all other possibilities open to it in attempting to gain payment, the services of other individuals or organizations may be employed by the Executive Director. These may include: a legal representative, the Small Claims Court, or a licensed collection agency.

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