What costs is an Epcon Communities franchisee responsible for if they fail to remit payment when due?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
relief.
Minnesota Rules 2860.4400(D) prohibit a franchisor from requiring a franchisee to assent to a release, general release, assignment, novation, or waiver that would relieve
What This Means (2025 FDD)
According to the 2025 Epcon Communities Franchise Disclosure Document, Minnesota Statute 604.113 limits the amount that Epcon Communities may charge franchisees who do not have sufficient funds for payment that is due and owing to Epcon Communities at $30 per occurrence. This statute applies specifically to franchisees governed by Minnesota law.
This means that for Minnesota franchisees, the maximum fee Epcon Communities can charge for insufficient funds is $30 per instance of non-payment. This protection is provided by Minnesota state law, and Epcon Communities must adhere to this limit.
It is important for prospective franchisees, particularly those in Minnesota, to understand their rights and the limitations on fees that Epcon Communities can impose for insufficient funds. Franchisees outside of Minnesota may be subject to different regulations or fee structures, which would be detailed elsewhere in the Franchise Agreement or relevant state laws.