ACA International ›Compliance›Fastfax›Checks and Electronic Payment Transactions

Stop Payment Checks Fastfax #1222

Apr 25, 2012

A major issued faced by those on the check services side of debt collections is what to do with stop payment checks. Are they treated the same as an insufficient funds dishonored check? What fees can be added to stop payment checks? The answer to these questions varies from state-to-state.

Topics and Keywords:
service fee; dishonor; check; stop payment; negotiable instrument; bad check; justifiable; interest; service charges; collection charges; late fees; bad check handling charges; incidental charges; § 808(1); dispute

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ACA International ›Compliance›Fastfax›Checks and Electronic Payment Transactions

Stop Payment Checks Fastfax #1222

Apr 25, 2012

A major issued faced by those on the check services side of debt collections is what to do with stop payment checks. Are they treated the same as an insufficient funds dishonored check? What fees can be added to stop payment checks? The answer to these questions varies from state-to-state.

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