Start Postdating check illegal ny

Postdating check illegal ny

Since this kind of check is not payable on demand, most states refuse to cover postdated checks under bad check laws.

Businesses have an obligation to attempt to collect money that is legitimately owed to them and will pursue legal action against individuals who have written bad checks.

Code citation is included with each section heading. Notwithstanding the exclusion provided by clause (F) of the last sentence of this paragraph, the term includes any creditor who, in the process of collecting his own debts, uses any name other than his own which would indicate that a third person is collecting or attempting to collect such debts.

(6) The term "debt collector" means any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another.

Communication in connection with debt collection§806. (3) The term "consumer" means any natural person obligated or allegedly obligated to pay any debt.

(2) The term "communication" means the conveying of information regarding a debt directly or indirectly to any person through any medium.

As a public service, the staff of the Federal Trade Commission (FTC) has prepared the following complete text of the Fair Debt Collection Practices Act §§ 1692-1692p. (7) The term "location information" means a consumer's place of abode and his telephone number at such place, or his place of employment.

Please note that the format of the text differs in minor ways from the U. (8) The term "State" means any State, territory, or possession of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the foregoing.

Section 3-104(2)(b) of the UCC, defines a check as "a draft drawn on a bank and payable on demand." A postdated check, since it is not payable on demand, does not satisfy this demand.