Is postdating a check illegal Feet chat no login
We've summarized certain key legal points within the text for your benefit.
These summaries do not, however, represent a complete statement of the law.
Copies of relevant statutes may be found either on this Web site or on-line at the Connecticut General Assembly.
In banking, post-dated cheque is a cheque written by the drawer (payer) for a date in the future.
In the United States and the UK, post-dated cheques are negotiable instruments and can be drawn upon at any time, while in India post-dated cheques are not payable until the date written on the cheque.
In Bangladesh, under the negotiable instruments act, 1881 section 21C A promissory note, bill of exchange or cheque is not invalid by reason only that it is anti-dated or post-dated.
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.
Punishment for perpetrators varies from state to state, but includes fines, probation and imprisonment, depending on the severity of the fraud, as well as restitution to the person, people or entity defrauded.If you want to write a postdated check just hoping it won't be cashed before a certain date, check your state's law first.Some states, including California and Georgia, place responsibility on check writers to ensure their checks are not cashed or deposited too quickly.She teaches and speaks all over the country on banking law matters.
You postdate a check by writing a future date on it.Whether a post-dated cheque may be cashed or deposited before the date written on it depends on the country.