2009 Delinquent Accounts Policy

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It shall be the policy of the Bay de Noc Community College Board of Trustees to collect all funds owed to and due the College in a timely manner. The Vice President of Finance and Operations shall attempt to collect on all delinquent accounts in accordance with established procedures.

Procedure:

2009.1

Accounts shall be billed in accordance with the following procedure, unless otherwise approved:

0 - 30 days: Initial statement
31-60 days: Statement notification
61-90 days: Formal Letter with statement
91-120 days: 2nd Letter with statement followed by telephone call
121-150 days: 3rd (final) Letter with statement and telephone call
151+ days: If no arrangements, turn account to collection

2009.2

Delinquent accounts shall be forwarded to a collection agency for collection.

2009.3

Legal action to enforce collection shall be taken on all accounts remaining delinquent after collection agency efforts have been exhausted.

Approval Dates:

Policy Origin Date:
05/19/2004

Procedure Origin Date:
06/25/2008

Procedure Revision Date:
06/14/2021