Re: another SOL question - CORRECT ANSWER
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Posted by also-annoyed (168.39.181.191) on January 13, 2004 at 19:28:22:
In Reply to: Re: another SOL question posted by me on January 13, 2004 at 19:01:12:
A check is a negotiable instrument, specifically called a draft. As negotiable instruments, checks are goverend by the Uniform Commercial Code (UCC). The UCC has been adopted in all states, except possible Louisiana. Under section 3-118 of the UCC the SOL on an unaccepted draft (check) is THREE years after dishonor (bounce) or ten years from the date of the check (if never deposited/cashed), WHICHEVER IS EARLIER. Therefore, it doesn't matter what state you are in. The UCC says that the SOL on a bounced check is THREE years.
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