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RULE §60.82 Dishonored Payment Device

Published: 2015

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If a payment device issued to the department is dishonored
by a payor, the department shall charge a fee of $50 to the issuer
or endorser for processing the dishonored payment device. The department
shall notify the obligor, issuer or endorser of the fee by sending
a request for payment of the dishonored payment device and the processing
fee by certified mail to the last known address of the person or licensee
as shown in the records of the department. If the department has sent
a request for payment in accordance with the provisions of this section,
the failure of the obligor, issuer or endorser to pay the processing
fee within 15 days after the department has mailed the request is
a violation of this chapter and subjects the licensee and the person
to administrative enforcement proceedings including license revocation.