Notwithstanding any other law and except as provided in sections 32-328 and 32-507, the holder, payee or assignee of the holder or payee of a dishonored check, draft, order or note may charge and collect from the maker or drawer a service fee of not more than $25 plus any actual charges assessed by the financial institution of the holder, payee or assignee of the holder or payee as a result of the dishonored instrument.

Terms Used In Arizona Laws 44-6852

  • Check: means a draft that is payable on demand and drawn on a financial institution, a cashier's check or a teller's check. See Arizona Laws 44-6851
  • Draft: means an item, other than an instrument, that is an order. See Arizona Laws 44-6851
  • Drawer: means a person who signs or is identified in a draft as a person ordering payment. See Arizona Laws 44-6851
  • Financial institution: means a bank, savings and loan association or credit union that is chartered and supervised under state or federal law. See Arizona Laws 44-6851
  • Holder: means a person, including this state, who is entitled to enforce an instrument. See Arizona Laws 44-6851
  • Maker: means a person who signs or is identified in a note as a person undertaking to pay. See Arizona Laws 44-6851
  • Order: means a written instruction to pay money that is signed by the person giving the instruction. See Arizona Laws 44-6851
  • Payee: means a person, including this state, in whose favor an instrument is drawn or made payable. See Arizona Laws 44-6851
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