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AR SB834

Bill

Official Source

Status

Passed

4/1/2011

Primary Sponsor

Jeremy Hutchinson

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Origin

Senate

88th General Assembly (2011 Regular)

AI Summary

  • Increases the maximum service charge for collecting a hot check from $25.00 to $30.00 across all relevant Arkansas Code sections
  • Applies the $30.00 service charge limit to initial collection demands (15-day notice period) and subsequent certified mail demands (30-day notice period) under Arkansas Code § 4-60-103
  • Updates the hot check violation notice form required under Arkansas Code § 5-37-303(b)(1) to reflect the new $30.00 maximum service charge per check
  • Amends evidence provisions in Arkansas Code § 5-37-304(a)(3) and § 5-37-307(c)(2)(B) to allow the $30.00 service charge when payment is refused for insufficient funds
  • Allows prosecuting attorneys to collect up to $30.00 in service charges per check under Arkansas Code § 5-37-304(b)(2), in addition to any bank fees charged to the check holder

Legislative Description

To Increase The Service Charge For Collecting A Hot Check.

Last Action

Senate Notification that SB834 is now Act 1012

4/1/2011

Committee Referrals

Judiciary3/15/2011
Judiciary3/7/2011

Full Bill Text

No bill text available