January 1, 1995

Purpose:

The purpose of the policy is to document the procedure to follow in the event that a check is returned to the Association and/or the MLS for any reason.

Procedure:

Date stamp the notice when it has been received and make a phone call to the endorser of the check.

A letter is sent out to the endorser of the check, documenting the information regarding the check.  The letter is to also include the amount awe plus the return check charge and the date it is due. (See attached letter as example).

Should this matter not be resolved by the due date, a second letter is sent, with a copy of the first letter attached. (See attached letter as an example.)

Should this matter not be resolved by the second due date, the matter is referred to the Office of the District Attorney for the County of Riverside for further action.

Return Check Charge:

The fee for all returned checks for any reason is $50.00.  The board of Directors has adopted this fee and only they can amend or waive it.

2nd Violation Within One Year:

Should a check from an individual/company be returned twice within one year for any reason, the Southwest Riverside County Association of Realtors®/MLS will no longer be able to accept a check from the individual/company for a period of one year.