The way I'm reading that is they can charge $20 plus the NSF fee the bank charges them. So, if the bank charges a $25 NSF fee, the holder of the check can charge $45.
I haven't had time to do any further research on this, but I'm wondering if this fee is adjusted every 2 years like the loan fees/amounts are?
I also have been unable to locate a cite that "governs" what the bank can charge for a NSF on the deposit side. The lending side is limited to $20 and that fee is not adjusted.
Do either of you have information on the bank's NSF charge limitation, if any? I don't normally deal with deposits so it takes be longer to track these down.