554.3512 Holder’s recourse for dishonor. 1. The holder of a dishonored check, draft, or order may assess against the maker of that check, draft, or order a surcharge not to exceed thirty dollars. 2. The surcharge authorized by this section shall not be assessed unless the holder clearly and conspicuously posts a notice at the usual place of payment, or in the billingstatement of the holder, stating that a surcharge will be assessed and the amount of thesurcharge. However, the surcharge shall not be assessed against the maker if the reason forthe dishonor of the check, draft, or order is that the maker has stopped payment pursuantto section 554.4403. 95 Acts, ch 137, §2; 2003 Acts, ch 10, §1Referred to in §331.553, 537.2501, 554.3513 Sat Dec 23 01:57:07 2023 Iowa Code 2024, Section 554.3512 (24, 0)
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