Is post dating checks illegal www meetfordating com


31-May-2016 21:06

is post dating checks illegal-13

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The checks usually aren't cashed until the first of the month and they clear my account on the second or third. Key and my landlord both said, "Too bad," and said postdating checks is illegal, anyway. There are no Federal Reserve regulations, which cover banking, that govern the payment of post-dated checks, said spokeswoman Anne Di Teodoro. The bank can cash it unless it believes the check won't clear or is fraudulent.Some states, including California and Georgia, place responsibility on check writers to ensure their checks are not cashed or deposited too quickly.Other states, like West Virginia, place responsibility on the person the check is written to.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).You postdate a check by writing a future date on it.People typically do this when they want to give a check to someone but aren't certain they'll have enough money in their account until a certain date to cover it.

Technically speaking, because I mail my check in, isn't this post dating it? State: Georgia I got a call from my landlord today complaining that my rent check was post dated, and that I needed to send a new one ASAP.

In banking, post-dated cheque is a cheque written by the drawer (payer) for a date in the future.

Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.

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.

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The payee must give notice to the check writer at least three days, but not more than ten days, prior to depositing.

A Canadian bank, for example, is not supposed to process a post-dated cheque and if it does so by mistake, the cheque writer may ask his or her bank to correct the error.