I live in a house now that got hit with a large deficit. I also lived in the house last year, but I can’t pay it all this month. What happens?
The SHC has a policy for late fines with any balance over $100. This late fee can be waived for up to 3 months, but the house deficit must be over $150/person and you must bring it to the Corporate Treasurer to approve. This works like a payment plan for the deficit.
In summary, the SHC bad debt policy still applies to any balance on your account outside of the specific approved deficit of $150.
*Please discuss circumstances with your house and/or house treasurer if you wish, but we want to maintain individual accountability.