Chat and im with local horny girls instantly free - Is post dating a cheque illegal
Thanks to automated payments and online banking, many of us rarely (if ever) write checks, but millions of Americans still pull out their checkbooks every day to pay their bills.
Because they might not always have enough money in their accounts on the day they write those checks, some folks will postdate their checks so that they aren’t deposited or cashed until after that date.
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.
According to Financial Consumer Agency of Canada, No. If you write a post-dated check, under the clearing rules of the Canadian Payments Association (CPA) your check should not be cashed before the date that is written on it.
Most people tend to make out post dated check because they do not have enough money in their account at the time the check is made out. Therefore although it is possible to cash in a check before the due date, there is a good chance that it will bounce in which case it is not good for the payee.
With respect to post-dated cheques and other types of automatic payments this is what the law says: A post-dated cheque, or what is meant by this in the contexted of landlord and tenant law is that a landlord will often ask a tenant to provide 12 cheques, all at once for the monthly rent.
The cheques are post-dated, meaning each cheque is dated for the day rent is due in each of the following 12 months.Now, I learn that he immediately tried to cash the check and it was refused by the bank! But, in general, it is not a crime to post-date a check.This article discusses general laws about checks, post-dating, and the parties’ rights.On 15/01/2012, the cheque will be no longer a post-dated cheque, but becomes a current dated cheque.In India, a cheque should be presented for payment on or after the date that appears on the face of the cheque. A banker cannot a pay a post-dated cheque as he has no mandate to debit the account of the depositor earlier than the date of the cheque.This is especially true in tenancies where the relationship with landlord and tenant is good.Tags: Adult Dating, affair dating, sex dating