Chapter 4.06 FINANCE CHARGES

Chapter 4.06
FINANCE CHARGES

Sections:

4.06.010 Nonsufficient funds (NSF) fee.

Any payment made to the City with a check that has nonsufficient funds shall be assessed a $25 (twenty-five-dollar) processing fee by the City. (Ord. 01-04, 2001)

4.06.020 Collections of unpaid debts.

A. A debtor to the City of North Pole shall pay, in addition to the debt, interest at the maximum lawful rate, all administrative fees, costs, collections agency fees, and attorney fees incurred by the City of North Pole in the collection of unpaid debts.

B. Debts Thirty Days Delinquent. The individual, business or entity with debts owed to the City that include, but are not limited to, assessments, administrative fine or administrative charges that are thirty days past due shall be sent a notice of delinquency via U.S. mail indicating the amount of the delinquent charges. The notification shall indicate that they must pay the delinquent charges immediately to avoid the City assessing additional charges.

C. Debts Sixty Days Delinquent. The individual, business or entity with debts owed to the City that include, but are not limited to, assessments, administrative fines or administrative charges that are sixty days past due shall be sent a notice of delinquency via certified mail indicating the amount of the unpaid balance, including a liquidated damages charge of $50 (fifty dollars). The notification shall indicate the deadline that they must pay the delinquent account balance or by which they must sign a legally binding confession of judgment specifying a repayment plan to prevent the City seeking a civil judgment. Should they not pay the delinquent account balance in full, including any additional charges, nor sign a legally binding confession of judgment by the deadline, the City shall seek a civil judgment against the account holder. The account holder shall be responsible for all charges associated with collection of the delinquent charges including, but not limited to, late charges, interest, penalties, liquidated damages and attorney fees. (Ord. 14-07 § 2, 2014; Ord. 08-18 § 2, 2008)