Federal law post dating checks dating site usa 2016
If a bank does pay a postdated check before the check’s date even though it has received proper notice from the customer, the bank is liable to the customer for any loss resulting from the bank prematurely paying the check. § § 11-4-401, 11-4-403) West Virginia law contains several prohibitions addressing early payment of postdated checks.In other words, a customer who has properly notified the bank of the postdated check can sue the bank for cashing the customer’s postdated check before the postdate if the bank’s action causes the customer loss, such as causing other checks to bounce. The West Virginia Code prohibits a person from requesting or accepting a postdated check while intending to deposit or cash it before the date written on the check.If the check goes through, you’ll pay an overdraft fee.
If the cheque book was withdrawn by order of the court and the claimant was prohibited to optain new cheque books pursuant to article (643) of the Commercial Transaction Law.» MORE: How to write a check “It’s kind of a tricky scenario,” says Matt Foster, founder of the rental property search site i Rent and a landlord in Ventura, California.He receives checks from some renters on the 28th or 29th of the month that are dated for the first of the next month.Many states have laws addressing postdated checks and consequences for cashing a postdated check before the check’s date.Some states, such as Georgia, put the onus on the maker of the postdated check to ensure that the check is not cashed or deposited prematurely.