Federal law on post dating checks


11-Feb-2016 08:00

This means that you dont have a claim against your bank unless you notified it not to release the funds.In order to instruct the bank not to issue the funds early, both state and federal banking laws require that you give the bank reasonable notice of the postdating.I got back and discovered that the rental office had cashed my check early, it had been accepted by the receiving bank, and was even cleared by my own bank before the date on the check.It did clear, there was enough balance in my account, and when I brought it to the attention of my rental office, they said they would have done the honorable thing and made good any penalties that would have arisen from their oversight.

federal law on post dating checks-21

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I have heard that there are none, and a check is a legal instrument the moment it is presented as payment.

The post-dating is nothing more than a friendly request to not cash it until the date specified.pretty much you have no recourse from nolo The bank can cash your postdated check at any time, even before its authorized date, unless you specifically instruct it otherwise.



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