Legal Question in Credit and Debt Law in Utah
NSF check maximum fees
I paid return check charge and collection of $40.00 on a $500.00 returned check. The now want $750.00 penalty and $50.00 legal fees for a total of $1340.00 or they threaten to file suit. Is this excessive amount legal to collect in the state of Utah?
Regards,
Dennis
Asked on 10/03/05, 12:08 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: NSF check maximum fees
You have 15 days from the date of notice to pay the NSF check and fees of $20 plus collection charge of $20. If not paid within 30 days, then the collector can offer to settle. After 30 days you are liable for three times the amount of the check up to $1500.
If you have paid the collector or the merchant, and they have accepted and cashed your remittance, the fees and make the check good, then they cannot collect more.
Answered on 10/03/05, 3:34 pm
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