Iowa Administrative Rules (Last Updated: December 07, 2016)

Section 371.1.5. Returned checks.

Latest version.

In accordance with fair board policy, a fee of $20 will be charged to anyone whose issued document is not honored by the issuing institution, and the issuer could be liable for up to three times the amount of the document with a maximum charge of $500 in accordance with Iowa Code section 554.3513.
[ARC 0163C, IAB 6/13/12, effective 7/18/12]

                    
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