Returned Check Policy

American Youth Soccer Organization (AYSO) – Region 504

Bloomsburg, PA

Purpose:

To establish guidelines for the consistent application of collection efforts and assignment of additional fees when a check is returned by Region 504’s financial institution (“the Bank”)due to that institution’s inability to processthe check for payment. Policy strives to reinforce the fiduciary responsibilities of the Region 504 Board of Directors and protect the financial interests of the Region 504 soccer program. It is realized that at times the timing of deposits and withdraws may be out of synch and the Region 504 Board of Directors attempts to accommodate those honest errors.

Process:

Internal Collection Efforts – Upon receipt of notification from the Bank that a check cannot be processed due, but not limited, to insufficient funds, account closure, etc. The Treasurer will immediately initiate a phone call to the party in whose name the check was written (“Party”). If successful contact is made, the Party will advised that they have ten (10) business days to remit in cash or Bank/Cashiers Check the original amount of the check plus any bank fees assessed by financial institutions plus a twenty dollar ($20.00) NSF fee.

If after five (5) attempts to reach the Party no contact has been made, a Certified letter will be sent indicating that payment must be remitted within ten (10) business days in the form of cash or Bank/Cashiers Check for the original amount of the check plus any bank fees assessed by financial institutions plus a twenty dollar ($20.00) NSF fee.

Non-Compliance with Internal Collection Efforts – Failure on the part of the Party to remit within ten (10) business days the original amount of the check, any bank fees plus a twenty dollar ($20.00) NSF fee will result in the account being referred to the District Magistrate for collection of the fees. All legal costs associated with the referral to the Magistrate will be added to the amount due to AYSO - Region 504.

All future payments due to the Region 504 soccer program by individuals with a previous history of Returned Check(s) and who were non-compliant with Internal Collection efforts must be made via either cash or a Bank/Cashiers Check.