Bill > HB177

This bill amends existing law to allow localities, which are local government entities, to charge a fee of up to $50 for bad checks or other payment orders that are not honored. Specifically, it clarifies that this fee can be applied when a check, draft, or order for payment of taxes or other sums due to the locality is returned unpaid for reasons such as insufficient funds, a closed account, or a stop-payment order placed in bad faith. The bill also expands this provision to include payment orders for funds transfers that are similarly not paid by the receiving bank or other recipient for similar reasons, such as insufficient funds or account closure, or if the transfer is terminated before payment.

Government Affairs

https://lis.virginia.gov/bill-details/20261/HB177