Federal law post dating checks dating resources net

Posted by / 14-Aug-2020 03:04

Federal law post dating checks

I asked that he not cash the check for a week because I would not have enough funds in the account until that time. He said okay and dashed off to his next appointment. Check fraud laws vary somewhat from state-to-state.

Although the UCC is not itself a law, it has been enacted in all 50 states (with limited modifications in certain states).

If your employer writes payroll checks on an out of state account, your bank may hold your check for up to seven business days.

Therefore, your employer did not post date the check, but you could not access funds on payday.

Under the UCC, a check is an order by the “payor” (you, the small business owner) to pay a fixed amount of money to the bearer (or payee -- the tech support contractor).

A negotiable instrument can be made payable “on demand” or “at a definite time.” (UCC § 3-104.) A post-dated check is an order to pay the bearer at a definite time in the future.

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In many instances, paydays fall on the same day each month, and many employers use the 15th and the last day of the month as paydays.

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