I am hoping someone familiar with Colorado check laws can help me with this. I am just wondering if the person/company that recieved a a check returned to them due to insufficant funds/closed account/stop payment etc...
Has to first prove they attempted to contact the writer of the check for payment options before turning them in for possible fraud?
Also, if you wrote a check to someone while your account was open and you had the funds, but they waited..say three months to deposit the check, and now you closed the account so of course the check was returned to them...can you be prosecuted for writing a check on a closed account? I mean technically you didn't right? They just waited too long. I ask because I recently closed out my checking, and has luck would have it..of course someone I wrote a check to for an Ebay item deposited the check the day AFTER I closed it. Although I wrote the check on July 17th, they didn't present it to my bank for payment until September 4th!
2007-09-07
06:45:21
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4 answers
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asked by
Glossy
1
in
Law & Ethics