Sec. 1. 9-B MRSA §241, sub-§6-A is enacted to read:

6-A.__Returned check charges.__A depository financial institution authorized to do business in this State may not assess a returned check charge or similar charge against a depositor for the costs of processing a check received by that depositor and returned for insufficient funds by the institution on which it was drawn.

SUMMARY

This bill prohibits financial institutions from assessing a fee against a depositor if a check is returned for insufficient funds.