The Only Legal Reasons for The Dishonor of a Check

The Only Legal Reasons for The Dishonor of a Check

1. The check is overwritten.
2. Signature is absent or does not match with the sample kept by the bank.
3. The name of the payee is absent or not clearly written.
4. The amount written in words and the amount in figures do not match.
5. The account number is absent or not clearly written.
6. The drawer orders the bank to stop payment on the check.
7. A court of law has given an order to the bank to stop payment on the check.
8. The drawer has closed the account.
9. The funds in the bank account are insufficient.
10. The bank receives information regarding the death, lunacy or insolvency of the drawer.
11. Any alteration is made on the check and is not proved by the drawer via his/her signature.
12. The date is absent, not clearly written or is pre-dated three months before today.

    • Related Articles

    • The Bank Dishonored a Lawful Money Check for Deposit - What Now?

      1. Get an email or written communication from the bank of such a denial. 2. Get a copy of the check that was dishonored. 3. Find a local attorney who will represent a case for <$5,000 due to the bank's violations a. Dishonor of Indorsement per UCC § ...

    • Why Can’t One Get Gold for My Lawful Money Demand?

      Federal Reserve notes serve as lawful money upon demand, the bank will not give one any other kind of money: US Bank Notes, Gold Certificates, Silver Certificates, stamps or united States Postal money orders. Do not ask for any special form, many ...

    • Can A Bank Refuse to Keep My Account Open Because of A ‘Lawful Money Demand’?

      No! All banks (federal, state, public) have a fiduciary responsibility to their shareholders. While there is a clause that permits the bank to close down accounts for any reason – legally they cannot exercise that option unless they are losing money ...

    • Income Taxes and Lawful Money

      Under its power to borrow money, Congress is authorized by the Constitution to contract debt, and whenever something is borrowed it must be returned. When Congress spends the contracted private credit, each use of credit is debt which must be ...

    • Does Lawful Money Need A Special Bank Account

      No, lawful money redemption can be utilized in any form of bank account.