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Senate advances bill to raise merchant fee cap for dishonored checks to $25
Summary
Senate Bill 180, which would raise the statutory cap on merchant fees for dishonored checks from $15 to $25, advanced to the third-reading calendar after floor debate about whether banks would pass higher fees on to consumers; the Senate reported a vote placing the bill on third reading.
The Utah State Senate advanced Senate Bill 180 on Feb. 26, 1997, a measure sponsored by Sen. Holmgren to increase the maximum merchant fee for dishonored checks from $15 to $25. Holmgren said the existing $15 cap "is not sufficient to really be able to get the check collected" and argued a $25 cap would allow merchants to contract for collectors rather than incur…
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