UNY Refund of Tuition and Fees Policy

4. Inform the debtor that the State University may assess collection fee charges for the cost of processing, handling, and collecting of such debt, if payment is not received within 90 days after the first day of the semester, or other appropriate payment due date. a. A collection fee may be assessed 90 days after the first day of the semester for outstanding balances not paid in full on or before the first day of the semester. In the case of an item billed after the first day of the semester, a collection fee may be assessed for outstanding balances not paid in full on or before 90 days after the charge has been placed on the students account. In the case of a time payment plan payment, a collection fee may be assessed for outstanding balance not paid in full 90 days after the missed payment. b. A collection fee may be assessed but must not exceed 22% of the outstanding principal debt and must not exceed the estimated cost of processing, handling, and collecting such debt. 5. Inform the debtor that the State University may assess a charge for dishonored checks (or like instruments). 6. State that the debt may be referred to a private collection agency, the OAG and/or the department of taxation and finance. 7. Inform the debtor where they can call or write if they have questions or requests for an opportunity to dispute.

Please refer to Budget Policy and Reporting Manual (BPRM) – K000, item K-031, for examples of billing invoices or notices.

New York State Finance Law §18 authorizes state agencies to impose interest/late payment and collection fees on past-due debts; however, no debtor of the State University may be charged an interest/late payment fee or collection fees by the State University or its collection agents without receiving proper notification. Appendix I is an example of proper notification language under Section 18 of the New York State Finance Law, as provided by the OAG. This notification should be included with the billing invoice or notice.

IV. Transfer of Delinquent Accounts to the OAG or to a Private Collection Agency A. The following table summarizes the debt collection sequence for past-due debts:

Required Referral (if not already referred)

University Discretion

Amount Past Due

DAYS PAST DUE

31 days past beginning of semester - end of semester

After the end of semester

$25-499

Campus/PC/TAX

PC/TAX

Page: 9 of 16