Georgia Statutes
§ 7-1-372 — Collection charge; service charge
Georgia·Title 7
A commercial bank may deduct a reasonable collection charge covering its actual expenses from the remittance for any check forwarded to it for collection and remittance as a special collection item and may impose a service charge as authorized by Code Section 44-12-196 , relating to when an instrument on which a banking or financial organization is directly liable is presumed abandoned.
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Related
Bank of America, N.A. v. Sorrell
248 F. Supp. 2d 1196 (N.D. Georgia, 2002)
FIRST UNION NAT. BANK OF GA v. Collins
471 S.E.2d 892 (Court of Appeals of Georgia, 1996)
Legislative History
Amended by 2016 Ga. Laws 450,§ 2-6, eff. 7/1/2016.
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-10
Rules of construction§ 7-1-1000
Definitions§ 7-1-1001-1
Requirement for mortgage loan originator license; application to sellers of mobile homes§ 7-1-1002
Prohibited transactions; liability§ 7-1-1003
Applications for licenses§ 7-1-1003-1
[Repealed] Physical place of business§ 7-1-1003-3
[Reserved] Application for registration§ 7-1-1003-4
[Reserved] Notification statement