N.J. Admin. Code § 3:24-4.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 3:24-4.3 - Returned check fee; prohibition

(a) No licensee shall impose any charge or fee for a returned check on the customer who cashes the check.

(b) A licensee may charge a fee to the maker of the check, sufficient to reimburse the licensee for the charge imposed by the bank which returns the check unpaid.

Recodified from N.J.A.C. 3:24-4.1 by R.2010 d.140, effective 7/6/2010.
See: 41 N.J.R. 4583(a), 42 N.J.R. 1355(a).