6151 - INSUFFICIENT FUNDS CHECKS

The following will occur when a check made payable to the School Corporation is not honored upon presentation to the respective bank or other depository institution for any reason:

1. Once a check has been dishonored and returned to the Corporation's office or school office, the Treasurer/CFO will send a certified letter, with a return receipt requested, to the payer requesting payment plus an additional returned check fee for insufficient funds (NSF fee), not to exceed $25.00. The individual will have thirty (30) days in which to make payment or to arrange a satisfactory payment schedule. A check may be presented for payment not more than three (3) times. However, only one NSF fee may be charged.

2. Once collection efforts have been exhausted after 180 days, a determination will be made by the Treasurer/CFO, depending on value, whether to write off the check or to pursue further action.

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