DEFERRED DEPOSIT TRANSACTIONS IN CALIFORNIA:
NOTICE OF CONSUMER RIGHTS AND RESPONSIBILITIES
1. FINANCE CHARGES 4. THE DEPARTMENT OF CORPORATIONS’
Check ‘n Go (“we,” “our,” or “us”) TOLL-FREE PHONE NUMBER FOR
provides deferred deposit transactions. The CONSUMER COMPLAINTS
Finance Charge Schedule, which we post on The California Department of Corporations
our website, summarizes our eligibility supervises us under the Deferred Deposit
requirements and finance charges for these Transaction Law, §§ 23000 – 23106 of the
transactions. Please review this finance charge California Financial Code. You may register a
schedule to learn the Finance Charge and the consumer complaint about us by calling the
Annual Percentage Rate (“APR”) for each Department’s toll-free phone number:
deferred deposit transaction that we offer. 1-866-275-2677
We offer deferred deposit transactions in (1-866-ASK-CORP)
amount-financed increments of $100 and $255.
The amount you owe use equals the sum of the 5. COLLATERAL SECURING THE
amount financed and the finance charge. For TRANSACTION
example, if you obtain a $255 deferred deposit Except to the extent the federal Truth-In-
transaction, then the finance charge is $45 and Lending Act considers your written ACH
the amount that we will debit your bank authorization “security” for the deferred deposit
account is $300 (i.e., $255 + $45). transaction, we take no collateral to secure the
transaction. For example, we do not take a
2. RETURNED ITEM FEE security interest in any real estate or personal
If your bank (the “paying bank”) returns an property item.
ACH debit entry to your bank account, then
you must pay a returned item fee of $15. We 6. CIVIL LAWS RELATING TO RETURNED
charge you only one returned item fee per PAYMENT ITEMS
deferred deposit transaction no matter how You are not liable under civil laws relating
many times the paying bank returns an item. to returned payment items if you default on this
transaction. For example, you are not liable for
3. CRIMINAL LAWS RELATING TO RETURNED treble (triple) damages, collection fees, or any
PAYMENT ITEMS other fees other than the $15 returned item fee
You are not culpable under criminal laws that we charge per transaction (if applicable).
relating to returned payment items if you Consequently, we may not use or threaten to
default on this transaction. Consequently, we use civil returned item laws to collect a
may not use or threaten to use criminal process defaulted transaction.
(e.g., criminal returned payment item laws) to
collect a defaulted transaction.
Deferred Deposit Transaction Law Notice (CA) (Online), Revision Date November 2, 2008