NON-SUFFICIENT FUNDS (NSF CHECKS) Sample Clauses
The Non-Sufficient Funds (NSF Checks) clause establishes the procedures and consequences when a check is returned due to insufficient funds in the payer's account. Typically, this clause specifies that the party issuing the NSF check will be responsible for any bank fees incurred and may be required to provide an alternative form of payment, such as cash or a certified check. Its core function is to deter the issuance of bad checks and ensure that the payee is compensated for any inconvenience or financial loss resulting from bounced payments.
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NON-SUFFICIENT FUNDS (NSF CHECKS). If the Tenant(s) pays the Rent with a check that is not honored due to insufficient funds (NSF): ☐ - There shall be a fee of $100.00 (US Dollars) per incident.
NON-SUFFICIENT FUNDS (NSF CHECKS). If the Tenant pays the Rent with a check that is not honored due to insufficient funds (NSF): (check one)
NON-SUFFICIENT FUNDS (NSF CHECKS). If the Tenant(s) attempts to pay Rent with a check, electronic transaction, or through any other means authorized by this Agreement, that fails to clear the transaction of Rent funds due to non-sufficient funds ("NSF"), there shall be a fee of $30.
NON-SUFFICIENT FUNDS (NSF CHECKS). A Tenant who pays the rent with a check that is not honored for insufficient funds (NSF): (select one) ☐ - There shall a fee payment of $____ per incident. ☐ - There shall be no fee.
NON-SUFFICIENT FUNDS (NSF CHECKS). If the Tenant(s) attempts to pay Rent with a
NON-SUFFICIENT FUNDS (NSF CHECKS). A customer who issues a check with insufficient funds shall be immediately notified of the situation and informed that their credit line has been revoked. In case of a bank error, notification from the bank must be provided before the credit line may be re-established. The Director- Credit and Collections shall be informed of all such activity.