006.05.212-GR-86. BAD CHECKS AND ACCEPTANCE OF PERSONAL CHECKS:
AR ADC 006.05.212-GR-86Arkansas Administrative Code
Ark. Admin. Code 006.05.212-GR-86
006.05.212-GR-86. BAD CHECKS AND ACCEPTANCE OF PERSONAL CHECKS:
A. If any person makes payment to the Department by means of a check, draft, money order, or electronic funds transfer drawn on any bank, person, firm or corporation, and the check, draft, money order, or electronic funds transfer is later returned without the amount due having been paid in full, the Director is authorized and empowered to impose a penalty of ten percent (10%) of the face amount of such check, draft, money order, or electronic funds transfer or $20.00, whichever is greater, against the maker or drawer of such check, draft, money order, or electronic funds transfer. This section shall not apply if the person establishes to the satisfaction of the Director that he tendered such check, draft, money order, or electronic funds transfer in good faith and with reasonable cause to believe it would be duly paid.
Credits
AUTHORITY: Ark. Code Ann. ยงยง 19-2-203; 19-2-204
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.212-GR-86, AR ADC 006.05.212-GR-86
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