Non Sufficient Funds NSF Policy
RetroReclaimations.com accepts checks for not more than $50 as a CONVENIENCE to our customers. Checks are accepted during pop up events ONLY and NOT as a form of payment through our website or any social media channel that our items are available for purchase through.
- NC residents ONLY
- Check MAX is $50
- Must provide a federal or state issued ID w/NC mailing address
- Phone # must be printed on check
We understand that life happens and schedules often differ between banks. However, if your check is returned due to NON SUFFICIENT funds, you are required to pay a $25 NSF fee to RetroReclaimations.com (in addition to any fee imposed by your bank) AND the original amount the check was written for.
**ALL CHECKS ARE SUBMITTED IMMEDIATELY UPON RECEIPT VIA MOBILE DEPOSIT
N.C. Gen. Stat. § 25-3-506
GENERAL STATUTES OF NORTH CAROLINA
Copyright 2007 by Matthew Bender & Company, Inc.
a member of the LexisNexis Group.
All rights reserved
*** THIS DOCUMENT IS CURRENT THROUGH THE 2007 REGULAR SESSION AND 1ST EXTRA SESSION ***
*** ANNOTATIONS CURRENT THROUGH MARCH 21, 2008 ***
CHAPTER 25. UNIFORM COMMERCIAL CODE
ARTICLE 3. NEGOTIABLE INSTRUMENTS
PART 5. DISHONOR
Go to the North Carolina Code Archive Directory
N.C. Gen. Stat. § 25-3-506 (2008)
§ 25-3-506. Collection of processing Fee for Returned Checks
A person who accepts a check in payment for goods or services or his assignee may charge and collect a processing fee, not to exceed twenty-five dollars ($ 25.00), for a check 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 bank.
If a collection agency collects or seeks to collect on behalf of its principal a processing fee as specified in this section in addition to the sum payable of a check, the amount of such processing fee must be separately stated on the collection notice. The collection agency shall not collect or seek to collect from the drawer any sum other than the actual amount of the returned check and the specified processing fee.
HISTORY: 1981, c. 781, s. 1; 1983, c. 529; 1987, c. 147; 1991, c. 455, s. 1; 1995, c. 232, s. 1; 1997-334, s. 1; 2000-118, s. 1.