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 University Rules
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| Title: |
Collections: Credit and collections policies for accounts receivable. |
| Division: |
20: Business and Finance |
| Number: |
20-17-02 |
- It shall be a general policy of the university of Cincinnati to ensure that accounts receivable are maintained in a current status.
- The vice president for finance, in consultation with the appropriate vice presidents,
shall have the authority to see that the necessary procedures are adopted to ensure
that payments on account are made promptly and for the full amount due. Procedures
to guarantee payment of such accounts shall include, but not be limited to: billings;
collection letters; telephone contacts; use of collection agencies; referral to
counsel for litigation; withholding transcripts, grades and diplomas; and denial of the ability to register for future terms.
- After all attempts at collection have failed and an account has been judged to
be uncollectible, it shall be university policy to remove such accounts from active
university records. Judgment regarding placing such accounts in a dormant status shall
be the responsibility of the vice president for finance.
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| Effective Date: |
November 13, 2006 |
| Certified by: |
Heather A. Huff |
| Certification Date: |
October 27, 2006 |
| Promulgated under: |
R.C. Section 111.15 |
| Statutory Authority: |
R.C. 3361 |
| Rule amplifies: |
R.C. 3361.03;
R.C. 3345.21 |
| Prior effective date: |
October 12, 1978;
April 23, 1991;
November 17, 1995;
December 18, 1997;
December 19, 2000;
March 21, 2005 |
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