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Date Posted: 14:16:41 04/28/02 Sun
Author: Moderator
Subject: Bad checks legislation needed?

Is it time that the laws governing bad checks be updated to a modern strategy to combat this growing problem?

Should banks be required to hold funds in accounts for 15 days prior to closing them, so that outstanding checks would have time to clear? This would be a good motivation for those who hold checks for long periods of time to deposit them in timely fashion as well.

Do we need a bad check law with more teeth in it, to be a deterrent to those who seem to have no regard for the existing law? As I understand it now, the law is very lax in dealing with this offense.

Comments please!

Moderator

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