Post dating checks california
In the United States and the UKpost-dated cheques are negotiable instruments and can be drawn upon at any time, while in India and Australia post-dated cheques are not payable until the date written on the cheque.If you've ever been the target of a debt collection agencyyou've probably been offered the option of using postdated checks to pay what you top online dating websites.
Financial institutions now send digital pictures of checks to other financial institutions, so they can be cashed more quickly.
Furthermore, if you've sent a check to a creditor and it's returned for non-sufficient funds, it's vital that you make good on the check as soon as possible to avoid additional and more serious penalties.
According to this federal regulation, a debt collector is not allowed to use "unfair or unconscionable means to collect or attempt to collect any debt by: Accepting a check or other payment instrument postdated by more than five days unless the debtor is notified in writing of the debt collector's intent to deposit such check or instrument not more than ten nor less than three business days prior to the deposit.
leginfo.gov' A bank is not obligated to pay a check that is presented more than six months after its date of issue, but may do so if it wishes.
(Commercial Code § 4404) There is no law that prohibits a check writer from postdating a check (giving it a date in the future).
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A judge might have to see whether the checks given in evidence bear sequential serial numbers, or appear to have been written at the same time. Special rules apply if a check postdated by more than five days is given to a debt collection agency or a creditor who regularly collects its own debts.