Arkansas Real Estate Practice Exam

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What is the maximum charge for dishonored checks?

$25.00
$30.00
$100.00
No Charge

The correct answer is: $25.00

The maximum charge for dishonored checks is typically $25.00. Option B, $30.00, is incorrect because it exceeds the maximum charge. Option C, $100.00, is incorrect because it is too high and would be considered excessive. Option D, No Charge, is incorrect because there is usually a fee associated with dishonored checks. It is also important to note that the maximum charge may vary depending on the bank or financial institution.