Debt collectors breaking these rules could face civil penalties.The Question: I recently sent in my rent check early, as I usually do, with the date on the check reading Sept. The check was cashed by my landlord at his bank (Dollar Bank), and my own bank (Key) on Aug. There would have been enough money in there by Sept. One section, Article 4, 4/401(c), says: "A bank may charge against the account of a customer a check that is otherwise properly payable from the account, even though payment was made before the date of the check, unless the customer has given notice [such as stop payment] to the bank of the postdating." As far as whether it's illegal to postdate a check, it's not.a C/ How much of your total credit card capacity (on all cards combined) do you use in a given month?Even if you use it and pay it off in full every month, that's still considered a balance for credit report purposes.
But they may be referring to the fact that you're not supposed to give someone a check that you know is not good at that moment. I'm working with the bank to see if they can't give you more of a break this one time. You will get burned, and you will be the one in the wrong.
With an oral notice, your request is good for only 14 days.
Your request should include the recipient's name, your account and check numbers, and the check's amount.
If he does cash it early, he can be made to pay fees and costs as well as potential civil penalties.
Federal law regarding postdated checks relates to debt collection.