MCC Techtrail

6.02.10.02 – Procedure – Financial Management Non-sufficent Funds

The following procedure shall be observed regarding all non-sufficient funds (NSF) checks or drafts submitted as payment to the College.

1. Upon receipt of a NSF check, the College shall charge a $25.00 fee to the writer of the check.

2. The College shall hold the check and notify the writer by certified mail of the returned check, requesting full payment, including fee, within ten (10) business days.

3. If a response to the request for full payment is not received within ten (10) business days, the College’s Vice President of Administrative Services shall report the matter to the local authorities and take all legal action in regard to collecting the debt.

Adopted: January 9, 2019