KENTUCKY STATE UNIVERSITY POLICIES AND PROCEDURES

POLICY TITLE:

Returned Checks Policy

VOLUME, SECTION & NUMBER:

4.1.4

ENTITIES AFFECTED:

Students

ADMINISTRATIVE AUTHORITY:

Department of Finance & Business Affairs

APPROVED BY:

Kentucky State University Board of Regents

EFFECTIVE DATE:

December 18, 2023

REVISED FROM:

Previous Version of Policy

POLICY STATEMENT:

There is a $50.00 fee for all returned checks. If a check is returned, the issuer will be notified that he or she will have ten (10) days to make proper payment. Payment must also include any related fees to prevent any further collection activity. Once the University is informed of a returned check, a hold will be placed on the individual's account. A personal check will not be accepted as repayment for a returned check. Repayment must instead be made in the form of cash, certified or cashier's check, or money order.

PROCEDURES:

Hold Procedures

A hold is a restriction that is placed on a student's account. The Bursar's Office places two types of holds on student accounts:

Registration Hold

This hold will not allow a student to register for classes or add or drop classes.