(A) The city shall charge and collect a processing fee in the amount of $25 on each check negotiated to it 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 payor bank.
(B) Signs shall be posted, pursuant to the provisions of G.S. § 25-3-506, giving notice that the city charges such processing fee and that notice of such processing fee may be mailed as provided in G.S. § 25-3-506.
(1989 Code, § 2-196) (Ord. passed 3-20-84; Am. Ord. passed 3-16-99)
Statutory reference:
Collection of processing fee for returned checks, see G.S. § 25-3-506