factual

What is the maximum service charge for insufficient funds governed by Minnesota Statute 604.113 for a Casiola franchise?

Casiola Franchise · 2024 FDD

Answer from 2024 FDD Document

HIS STATE WHICH IS SUBJECT TO REGISTRATION WITHOUT FIRST PROVIDING TO THE PROSPECTIVE FRANCHISEE, AT LEAST SEVEN DAYS PRIOR TO THE EXE

Source: Item 23 — RECEIPTS (FDD pages 47–209)

What This Means (2024 FDD)

According to Casiola's 2024 Franchise Disclosure Document, the maximum service charge for insufficient funds, as governed by Minnesota Statute 604.113, is $30. This information is part of an amendment to Item 6, "Other Fees," specifically addressing fees related to non-sufficient funds.

For a prospective Casiola franchisee in Minnesota, this means that if a customer's payment is returned due to insufficient funds, the franchisee can only charge a maximum of $30 as a service fee. This is a legal limitation set by Minnesota state law, and Casiola must comply with it.

This disclosure protects customers from excessive fees and ensures that Casiola franchisees operate within the legal boundaries set by the state of Minnesota. Franchisees should be aware of this limitation to avoid any legal issues or customer disputes related to insufficient funds charges.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.