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#1867556 - 11/01/13 03:42 PM Overdraft Transfer Fee
c@c Offline
100 Club
Joined: Mar 2008
Posts: 110
We would like to begin charging our customer a fee for transferring funds from their revolving line of credit to their checking account to cover overdrafts. The fee would actually be assessed against the checking account, not against the loan. Is anyone aware of any section of North Carolina law that would prohibit this practice?

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#1868381 - 11/05/13 04:20 PM Re: Overdraft Transfer Fee c@c
MMontjoy01 Offline
Junior Member
Joined: Apr 2008
Posts: 47
I would suggest getting legal counsel on this. If you are in another state, I would suggest an attorney in NC.

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