I've never heard of it. But another thing to consider is potential UDAAP.
If it's a deposit account, your customer is already overdrawn and likely stacked with overdraft or return item fees. Adding more fees is likely not going to be looked on favorably.
Part 2, if it's getting charged off you likely aren't getting the money back anyway, at least not all of it. Adding more to the chargeoff is only going to increase risks, not monetary return.
Remember, in the world of UDAAP, even following the rules is not a guarantee against a UDAAP sanction if the action taken can be considered unfair, deceptive, or abusive. So the fact that it might be in your deposit contract may not necessarily be enough.
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