§ 7-1-372 - Remission of checks at par; collection charge; service charge - Georgia Statutes

O.C.G.A. 7-1-372 (2010)
7-1-372. Remission of checks at par; collection charge; service charge

A commercial bank shall pay all checks drawn on it at par and shall make no charge for the payment of such checks; provided, however, it 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.