What happens to fees if they remain unpaid after the due date?

When fees remain unpaid after the due date, the standard procedure is to apply interest and penalties to the outstanding balance. This practice serves as a disincentive for late payments and encourages timely submission of fees. The accumulation of interest and penalties can significantly increase the total amount owed, making it crucial for individuals and businesses to address any outstanding fees promptly.

The rationale behind this approach is to promote fiscal responsibility and ensure that services or obligations are compensated for, reflecting their value. It also provides a structured mechanism for organizations to manage their finances effectively.

The other options do not align with the common practices surrounding overdue payments. Fees typically are not automatically waived; instead, they remain enforceable until addressed. Additionally, unpaid fees do not become null and void; they retain their validity and may incur further charges. Lastly, while transferring debts to collection agencies is a possible outcome for severely delinquent accounts, it is usually a downstream consequence rather than an immediate response to unpaid fees after a due date.