What is the insufficient funds fee charged to a Canopy Lawn Care franchisee?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Insufficient Funds | $50 per violation plus any fee charged to us for uncollected funds | As incurred | Failure to have sufficient funds available for payment to us. |
Source: Item 6 — OTHER FEES (FDD pages 19–24)
What This Means (2025 FDD)
According to Canopy Lawn Care's 2025 Franchise Disclosure Document, if a franchisee fails to have sufficient funds available for payment to Canopy Lawn Care, they will incur an insufficient funds fee. This fee is $50 per violation, in addition to any fees charged to Canopy Lawn Care for the uncollected funds.
This means that if a franchisee's payment is rejected due to insufficient funds, they will be responsible for covering not only the $50 fee charged by Canopy Lawn Care, but also any additional fees that Canopy Lawn Care's bank may impose due to the failed transaction. This could potentially increase the overall cost of the insufficient funds penalty.
It is important for prospective Canopy Lawn Care franchisees to maintain sufficient funds in their account to avoid these fees. Franchisees should also be aware of the due dates for all payments to Canopy Lawn Care to ensure timely payments and avoid any penalties.