Returned check charges

08 V.S.A. ch. 200, § 10505, under Chapter 200: Consumer Protection.

08 V.S.A. ch. 200, § 10505

§ 10505. Returned check charges

No depository institution or credit union shall assess a returned check charge or similar charge against a depositor for the costs of processing a check received by that depositor and returned for nonsufficient funds by the institution upon which it was drawn. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2001, No. 73 (Adj. Sess.), § 1, eff. Feb. 2, 2002.)