GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2017

S                                                                                                                                                    D

SENATE BILL DRS15337-MW-35

Short Title:      Amend/Processing Fee for Returned Check.		(Public)
Sponsors:	Senators D. Davis and Gunn (Primary Sponsors).
Referred to:

A BILL TO BE ENTITLED

AN ACT to amend the processing fee for returned checks.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 25‑3‑506 reads as rewritten:

"§ 25‑3‑506.  Collection of processing fee for returned checks.

A person who accepts a check in payment for goods or services or his assignee may charge and collect a processing fee, not to exceed twenty‑five dollars ($25.00),thirty‑five dollars ($35.00) for a check on which payment has been refused by the payor bank because of insufficient funds or because the drawer did not have an account at that bank.

If a collection agency collects or seeks to collect on behalf of its principal a processing fee as specified in this section in addition to the sum payable of a check, the amount of such processing fee must be separately stated on the collection notice. The collection agency shall not collect or seek to collect from the drawer any sum other than the actual amount of the returned check and the specified processing fee."

SECTION 2.  This act becomes effective October 1, 2019.