GroundRules
O.C.G.A. § 7-1-372: Collection charge; service charge.
Where this section sits in the code
- TITLE 7 Banking And Finance
- CHAPTER 1 Financial Institutions
- Article 2 Banks and Trust Companies
- PART 7 Banking Depositories, Reserves, and Remissions
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.
Collected 2026-09-17T18:56:37Z. Source file · JSON
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