Resolution Establishing a Service Charge for Returned Checks or Written Instruments
WHEREAS, N.J.S.A. 40:5-18 was enacted to allow a municipal entity the authority to impose a service charge to be added on an account which was by check or other written instrument returned for insufficient funds; and
WHEREAS, whenever an account is owing to the City of Asbury Park the service charge shall still apply and shall be collected in the same manner prescribed by law for the collection of the account for which the check or other written instrument was tendered; and
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Asbury Park; hereby authorize the following:
1. The service charge at a rate of $20.00 per check or other written instrument for all checks returned for insufficient funds.
2. This fee shall be in addition to the fee charge by the banking institution refusing to honor the check or written instrument.
3. Any service charge imposed and unpaid shall be collected in the same manner prescribed by law for the collection of the account for which the check or other written instrument was tendered.
4. A certified copy of this Resolution shall be forwarded to the Tax Collector and Chief Financial Officer of the City of Asbury Park.
|MOVER:||Jesse Kendle, Councilmember|
|SECONDER:||Amy Quinn, Deputy Mayor|
|AYES:||Eileen Chapman, Jesse Kendle, Amy Quinn, John Moor|