Does postdating a check work

Rated 3.81/5 based on 924 customer reviews

Problems crop up when the person holding the check jumps the gun and takes it to his bank anyway.Banks aren't obligated to wait until the date on the check to cash it.The written notice must be provided at least three but no more than ten business days prior to the collector depositing the check.In other words, if on July 1 a debt collector accepts a check postdated for August 1, the collector may not deposit the check before August 1; if the collector intends to deposit the check on August 1, the collector must notify the maker in writing of such intent no later than July 29 but no earlier than July 18.The law also prohibits the recipient of a postdated check from intentionally cashing or depositing the check prior to the check’s date if the recipient represented that postdating the check would prevent the check from being deposited or cashed prior to the check’s date.The same law disallows an organization from making the same representation but then cashing or depositing the check without reasonable procedures in place to prevent the premature cashing of the postdated check.Debt collectors are prohibited from depositing or threatening to deposit a postdated check prior to the date on the check.A debt collector may not accept a check postdated by more than five days unless the debt collector notifies in writing the check’s maker of the collector’s intent to deposit the check.

People do this all the time, and it's not against the law.That’s when you notify the bank ahead of time that you've written a post-dated check and they shouldn't cash it until the date you've indicated. You'll need to give the bank a good description of the check, including the check number, the payee and the amount.They should watch for the check to arrive and only cash it if the date you've indicated has passed.The suit may also seek the imposition of a civil penalty against the check recipient in an amount not less than 0 but not greater than

People do this all the time, and it's not against the law.

That’s when you notify the bank ahead of time that you've written a post-dated check and they shouldn't cash it until the date you've indicated. You'll need to give the bank a good description of the check, including the check number, the payee and the amount.

They should watch for the check to arrive and only cash it if the date you've indicated has passed.

The suit may also seek the imposition of a civil penalty against the check recipient in an amount not less than $100 but not greater than $1,000. The federal code broadly prohibits debt collectors from using “unfair or unconscionable means” in collection efforts.

In identifying the type of conduct forbidden under this broad prohibition, the statute provides a non-exhaustive list of specific actions that a debt collector may not undertake; three of these specific actions pertain to postdated checks.

||

People do this all the time, and it's not against the law.That’s when you notify the bank ahead of time that you've written a post-dated check and they shouldn't cash it until the date you've indicated. You'll need to give the bank a good description of the check, including the check number, the payee and the amount.They should watch for the check to arrive and only cash it if the date you've indicated has passed.The suit may also seek the imposition of a civil penalty against the check recipient in an amount not less than $100 but not greater than $1,000. The federal code broadly prohibits debt collectors from using “unfair or unconscionable means” in collection efforts.In identifying the type of conduct forbidden under this broad prohibition, the statute provides a non-exhaustive list of specific actions that a debt collector may not undertake; three of these specific actions pertain to postdated checks.

,000. The federal code broadly prohibits debt collectors from using “unfair or unconscionable means” in collection efforts.In identifying the type of conduct forbidden under this broad prohibition, the statute provides a non-exhaustive list of specific actions that a debt collector may not undertake; three of these specific actions pertain to postdated checks.

Leave a Reply