DISHONORED ITEM FEE Sample Clauses
The Dishonored Item Fee clause establishes a charge that is applied when a payment instrument, such as a check or electronic transfer, is not honored by the payer’s financial institution. Typically, this fee is assessed if a check bounces due to insufficient funds or if an electronic payment is rejected. The clause serves to compensate the payee for administrative costs and inconvenience, and it also discourages the submission of invalid or unfunded payment methods.
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DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $25.00 if Borrower makes a payment on the Loan and the check or preauthorized charge with which Borrower pays in later dishonored.
DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $15.00 if Borrower makes a payment on Borrower's loan and the check or preauthorized charge with which Borrower pays is later dishonored.
DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $5.00 if Borrower makes a payment on Borrower's loan and the check or preauthorized charge with which Borrower pays is later dishonored.
DISHONORED ITEM FEE. If Borrower makes a payment on the loan with a check or preauthorized charge which is later dishonored, a fee in the amount of $25.00 will be charged.
DISHONORED ITEM FEE. Borrower wi▇▇ ▇▇▇ a fee to Lender of $15.00 if Borrower makes a payment on Borrower's loan and the check or preauthorized charge with which Borrower pays is later dishonored.
DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $1,000.00 if Borrower makes a payment on the Loan (as defined in the Loan Agreement) and the check or preauthorized charge with which Borrower pays is dishonored.
DISHONORED ITEM FEE. Borrower will pay a l▇▇ to Lender of $42.00 if B▇▇▇▇▇▇▇ makes a payment on Borrower's loan and the check or preauthorized charge with which Borrower pays is later dishonored.
DISHONORED ITEM FEE. Borrower will pay a Tee to Lender of $20.00 if Borrower makes a payment on Borrower's loan end the check or preauthorlzed charge with which Borrower pays is later dishonored.
DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $12.00 if Borrower makes a payment on Borrower's loan and the check or preauthorized charge with which Borrower pays is later dishonored. ADDITIONAL PROVISIONS - GUARANTOR. AS AN INDUCEMENT TO LENDER TO EXTEND OR CONTINUE CREDIT TO BORROWER, THE UNDERSIGNED AGREE(S) NOT TO FURTHER PLEDGE, ENCUMBER OR SELL THE REAL PROPERTY LOCATED AT 2▇▇▇▇ ▇▇▇▇ ▇▇▇▇, LOS ALTOS HILLS, CA. IN ADDITION, IN THE EVENT OF B▇▇▇▇▇▇▇'S DEFAULT UNDER THE TERMS OF ANY NOTE OR SECURITY AGREEMENT EXECUTED IN FAVOR OF L▇▇▇▇▇, THE UNDERSIGNED AGREE(S) TO EXECUTE A DEED OF TRUST IN FAVOR OF L▇▇▇▇▇ COVERING THE ASSET LISTED ABOVE.
DISHONORED ITEM FEE. I will pay a fee to Lender of $20.00 if I make a payment on my loan and the check or preauthorized charge with which I pay is later dishonored.