170 IAC 15-1-4
170 IAC 15-1-4 "Insufficient funds fee" defined
Cite as Ind. Admin. Code tit. 170, r. 15-1-4
Sec. 4. (a) "Insufficient funds fee" means the fee:
(1) a landlord charges a tenant; or
(2) an association charges a member or co-owner;
to process insufficient funds of a payment.
(b) An insufficient funds fee shall not exceed the actual fee assessed to a landlord or an association by a financial institution resulting from
insufficient funds of an instrument received from a:
(1) tenant;
(2) member; or
(3) co-owner;
in payment of charges for water or sewage disposal service.