Article 2—General Policies and Regulations

Part 3. Registered Organizations and Organization Fund

§ 2-312 University Credit Policies

Credit policies for registered organizations are established by the Office of Business and Financial Services. Individuals incurring debts to the University in the name of a registered organization shall be held personally responsible for payment should the organization lack funds in its account or refuse to accept the responsibility for the debt. To the extent that University facilities are available to and used by registered organizations, the University will, in connection with the respective costs, extend thirty days credit to these organizations. Credit will not be extended to organizations that have accounts with the University over thirty days past due. University credit will not be given to any organization that consistently permits its account to become delinquent (over thirty days past due). No disbursements will be permitted from a registered organization’s account that is delinquent.