An ordinance amending M.C.L. § 5.04.012 to increase the handling fee assessed by offices and departments of the Metropolitan Government for dishonored checks.

WHEREAS, the Metropolitan Government seeks to increase the handling fee for a dishonored check in an effort to reflect the actual administrative cost of forty dollars ($40.00); and,

WHEREAS, Tennessee Code Annotated § 47-29-102 prescribes the maximum handling fee to be assessed for a returned check is thirty dollars ($30.00); and,

WHEREAS, the Metropolitan Government currently assesses a ten dollar ($10.00) handling fee against the maker or drawer of any check that is dishonored; and,

WHEREAS, the current ten dollar handling fee is insufficient to pay for the administrative costs actually incurred by the offices and departments of the Metropolitan Government for handling returned checks;

NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE:

SECTION 1.  M.C.L. § 5.04.012 shall be amended to substitute the phrase “thirty dollars ($30.00)” for the phrase “ten dollars.”

SECTION 2.   This ordinance shall take effect upon final passage, the welfare of The Metropolitan Government of Nashville and Davidson County, Tennessee, requiring it.

Sponsored by: Rip Ryman

LEGISLATIVE HISTORY
Introduced:	May 15, 2007
Passed First Reading:	May 15, 2007
Referred to:	Budget & Finance Committee
Passed Second Reading:	June 5, 2007
Passed Third Reading:	June 19, 2007
Approved:	June 20, 2007
By: