What is the cap on service charges for NSF checks related to the All Team franchise in Minnesota?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
ship shall have the effect of (i) waiving any claims under any applicable state franchise law, includi
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, Minnesota Statute 604.113 governs NSF checks, setting a maximum service charge of $30. This means that if an All Team franchisee in Minnesota receives a check that is returned for insufficient funds, the maximum amount they can charge as a service fee is $30. This limit is set by state law to protect consumers from excessive fees. Franchisees operating in Minnesota must adhere to this regulation, as it directly impacts their ability to recoup costs associated with processing bounced checks. It is important for prospective franchisees to understand and comply with all applicable state laws, including those related to financial transactions and service charges.