factual

What is the maximum service charge for non-sufficient funds checks under Minnesota Statute 604.113, as it applies to Casiola franchise fees?

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, for franchisees operating in Minnesota, the maximum service charge for non-sufficient funds checks is governed by Minnesota Statute 604.113. This statute puts a cap of $30 on such service charges related to franchise fees.

This means that if a Casiola franchisee in Minnesota pays any fees to Casiola via a check that is returned due to non-sufficient funds, the maximum amount that Casiola can charge as a service fee for the returned check is $30. This is a specific protection afforded to franchisees in Minnesota under state law.

Prospective franchisees should be aware of this limit, as it protects them from excessive fees in the event of a payment issue. It is important to note that this cap applies specifically to service charges for non-sufficient funds checks and may not cover other types of late payment fees or penalties.

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.