Authority: IC 8-1-1-3

Affected: IC 8-1-2-1.2

Sec. 4. (a) "Insufficient funds fee" means the fee:

1. (1) a landlord charges a tenant; or
2. (2) an association charges a member or co-owner;

to process insufficient funds of a payment.

(b) An insufficient funds fee shall not exceed the actual fee assessed to a landlord or an association by a financial institution resulting from insufficient funds of an instrument received from a:

1. (1) tenant;
2. (2) member; or
3. (3) co-owner;

in payment of charges for water or sewage disposal service.

(Indiana Utility Regulatory Commission; 170 IAC 15-1-4; filed Mar 31, 2010, 3:18 p.m.: 20100428-IR-170090790FRA; readopted filed Jul 12, 2016, 10:01 a.m.: 20160810- IR-170160168RFA; readopted filed Jul 12, 2022, 12:18 p.m.: 20220810-IR-170220116RFA; filed Apr 9, 2024, 10:12 a.m.: 20240508-IR-170230776FRA)