What is the maximum amount Crisp & Green will charge for 'insufficient funds' fees in Minnesota?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| Document shall be effective only to |
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| the extent, with respect to such provision, that the jurisdictional requirements of the Maryland Franchise |
| Registration and Disclosure Law are met independently, without reference to |
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the maximum amount the company will charge for insufficient funds fees in Minnesota is $30. This is specified in an addendum to the franchise disclosure document for the state of Minnesota, which amends Item 6 to reflect this cap in accordance with state law. This addendum applies specifically to franchisees who are residents of Minnesota or whose businesses will be located in Minnesota.
This means that if a Crisp & Green franchisee in Minnesota has a check returned for insufficient funds or fails to maintain sufficient funds in their automatic debit account, the maximum reimbursement Crisp & Green can require is $30. This limit is set to comply with Minnesota state law, protecting franchisees from excessive fees in such situations.
It is important for prospective Crisp & Green franchisees in Minnesota to be aware of this addendum, as it modifies the standard terms of the franchise agreement to align with state regulations. This ensures that franchisees are not charged more than the legally permissible amount for insufficient funds fees, providing a degree of financial protection.