NOTE: STATE DEBT COLLECTION LAWS AFFECTING ALL PAST DUE DEBTS OWED TO THE STATE OF NEW YORK
Certain State Laws that became effective on January 1, 1993 have granted additional enforcement powers to New York State agencies for collection of non-tax debts. These laws have augmented those codes and regulations that previously existed within the State University of New York. If you have a current or outstanding debt with the University, you are strongly urged to settle this matter now .
IMPORTANT PROVISIONS: 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 or their representatives 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.
AUTHORITY TO HOLD TRANSCRIPTS AND DENY REGISTRATION - Section 302.1 (j) of Chapter V, Title 8 of the Official Compilation of Codes, Rules and Regulations
No person shall receive credit or other official recognition for work completed satisfactorily, or be allowed to re-register, until all tuition, fees and all other charges authorized by State University have been paid or University student loan obligations have been satisfied.