Section 18 Notice
SECTION 18 NOTICE
FAILURE TO PAY THE DEBT DESCRIBED ON YOUR COLLEGE BILL WILL RESULT IN AN INCREASE IN YOUR LIABILITY
This bill describes a debt currently due to SUNY Geneseo as an agency of the State of New York. Your failure to pay this debt in full within thirty days of your presumed receipt of this notice will result in the assessment of interest or a late payment charge, whichever is greater.
Interest will be assessed from the date of your presumed receipt of this letter, at the corporate underpayment set by the Commissioner of Taxation and Finance minus four percentage points. Interest will be compounded daily on the principal balance which is set forth on the reverse side of this bill.
To avoid the assessment of interest or the late payment charge, you should pay the amount requested in full within this thirty day period. In addition, should you fail to pay this debt in full within ninety days of your presumed receipt of this letter, a collection fee of up to 22% of the amount then due, including interest, may be added to the amount which you owe. Please write your ID number on all checks or correspondence, and make checks payable to the SUNY Geneseo. Please advise us of any change of name or address. If you are replying by mail, please include your current phone number.
STATE DEBT COLLECTION LAWS AFFECTING ALL PAST DUE DEBTS OWED TO THE STATE OF NEW YORK
Certain State laws that became effective on January l, 1993 have granted additional enforcement powers to New York State agencies for collection of non-tax debts. If you have a current or outstanding debt with the State, you are strongly urged to settle this matter now.
INTEREST OR PENALTY ON OVERDUE NON-TAX DEBT- State Finance Law §18 - State agencies are authorized to assess interest or late payment penalty charges on overdue debts. COLLECTION FEE - State Finance Law §18
State agencies may charge collection fees to cover the estimated costs of processing, handling and collecting delinquent debts. The amount can be as much as 22% of the outstanding debt.
REFERRAL OF THE DEBT TO THE TAX DEPARTMENT - State Tax Law § 171-f
State agencies are authorized to certify to the Department of Taxation and Finance that past-due legally enforceable debts should be offset against any tax refunds, contracts or other State payments. RETURNED
CHECK CHARGE - State Finance Law §19
State agencies are authorized to charge a returned check fee when a check is dishonored. If you wish to avoid these measures, you MUST make arrangements to resolve any outstanding debt as soon as possible. If you have questions regarding your debt, please contact our office at (585) 245-5621. Please note that if you have arranged for a deferred payment plan with a State agency and remain current with your payments, the provisions of these laws may not apply to your debt.