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Can you summarize 8 VTST 10505?

BANK PRODUCTS; PROHIBITIONS > Returned check charges

Short Summary

No depository institution or credit union shall assess a returned check charge or similar charge against a depositor for the costs of processing a check received by that depositor and returned for nonsufficient funds by the institution upon which it was drawn. (Added 1999, No. 153 (Adj. Sess.), 2, eff. Jan. 1, 2001; amended 2001, No. 73 (Adj. Sess.), 1, eff. Feb. 2, 2002.)

Jurisdiction

Vermont

Source
8 VTST 10505 [https://reggi.cloud.regology.com/regulations/US-VTST/US-VTST_T_8_C_200_SC_5_S_10505]