Section 28B.10.293. Additional charges authorized in collection of debts—Public and private institutions of higher education.

Each state public or private institution of higher education may, in the control and collection of any debt or claim due owing to it, impose reasonable financing and late charges, as well as reasonable costs and expenses incurred in the collection of such debts, if provided for in the note or agreement signed by the debtor.

[ 1977 ex.s. c 18 § 1.]

1977 ex.s. c 18 § 1.