[HISTORY: Adopted by the Township Council of the Township of Greenwich 8-17-2015 by Ord. No. 12-2015. Amendments noted where applicable.]
Whenever a check, electronic transfer or other negotiable instrument payable to any account of the Township of Greenwich is returned for insufficient funds, a service charge of $20 per transaction, or the maximum amount allowed by N.J.S.A. 40:5-18, shall be added to the account. This is in addition to any fee charged to the Township by the bank maintaining the Township's account. This service charge shall be paid and credited before any other payment on the account is accepted and credited.
In the event that any obligee to the Township of Greenwich tenders a check, electronic payment or other negotiable instrument which fails to clear upon deposit by the appropriate municipal officer, said person shall be assessed a returned check charge of $20 or the maximum amount permitted by N.J.S.A. 40:5-18. This charge shall be added to the account balance for which the check was initially tendered.
In the event the check, electronic payment or other negotiable instrument, as tendered, was for any application or license, as permitted or required by municipal ordinance, said license or application shall be revoked or denied as the case may be until such time as the check is made good and the returned check charge is paid to the Township.
In the event that the returned check charge is not paid to the Township within 30 days and the party tendering said check to the Township is the owner of real estate within the municipal confines of the Township of Greenwich, said returned check charge shall be a lien against said premises. No notice to the property owner of record shall be required, in that notice of the returned check as received from the banking institution shall be deemed sufficient notice for purposes of this chapter.
The Township reserves any and all rights and remedies for the collection of returned check charges as if same were any other legal obligation owed to the Township of Greenwich.
Any person or entity who has tendered a check, electronic payment or other written instrument that was returned for insufficient funds may be required to thereafter pay in cash, money order or by certified or cashier's checks.