Accepting Post-Dated Checks
It is difficult, if not impossible, to prove “theft by check” when you have taken a post-dated check as payment. In State v. McFadden, the Iowa Supreme Court said, “Clearly, if at the time the check is issued …
Stop Payment Checks
One troublesome aspect of accepting personal checks is the possibility that the consumer will notify the bank to stop payment on the check. Most times, the consumer has some sort of dispute over the value of the goods or …
Surcharge on Bad Checks
The law limits surcharges on bad checks to $30. Surcharges may not be assessed on checks where the payment is stopped. In order to collect a surcharge, you must clearly and conspicuously post a notice at the usual …