Committee asks staff to clarify NSF/service-charge practice before finalizing policy language
Directors questioned whether the board must set an NSF service charge or whether the bank's fee applies; staff will check current practice and return with clarification so the policy's wording can be finalized.
The full story
During review of Policy 616, directors questioned a short paragraph that reads "The board shall authorize a service charge for each NSF check," asking whether that means the board must set a standard fee or whether the bank's returned-check fee is what is applied in practice.
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