SB 864
Providing for amount Secretary of State may charge for bad check fee
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill amends West Virginia code to establish a fee for bad checks processed by the Secretary of State. It allows the Secretary of State to charge a fee of up to $5 for returned checks, and to waive late fees under certain circumstances. The bill also introduces a veteran-owned business logotype and outlines procedures for data access and reporting to the Tax Commissioner. It includes provisions regarding late fees, penalties for deceptive solicitations, and establishes a process for the Secretary of State to waive new business registration fees at entrepreneurship events.
Key provisions
- Establishes a fee of up to $5 for returned checks, plus any fees passed on by financial institutions.
- Allows the Secretary of State to waive late fees under specific circumstances.
- Creates a veteran-owned business logotype to be used by qualifying businesses.
- Provides for electronic purchase of Business Organizations Database data.
- Requires disclosure on solicitations regarding government endorsement.
- Establishes a process for the Secretary of State to waive new business registration fees at entrepreneurship events.
- Outlines reporting requirements to the Tax Commissioner.
- Defines criteria for veteran-owned business status and establishes a process for applying for the veteran-owned business logotype.
Who is affected
- Corporations
- Limited Partnerships
- Domestic Limited Liability Companies
- Foreign Limited Liability Companies
- Businesses operating in West Virginia
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