Bad Check Laws by State
Payday lenders sometimes threaten borrowers with civil and criminal penalties under bad check laws.
While this is an empty threat in most cases, it is never a bad idea to be aware of the laws in your state – especially if you plan to stop payment on a payday loan check.
The National Check Fraud Center lists the civil and criminal penalties for passing bad checks…
From their website:
Bad checks, also known as NSF checks, bounced checks, rubber checks, insufficient checks… can be a big problem for an individual or for any size company. There are both civil and criminal penalties for this unlawful act, although it is much more costly and difficult to prove a criminal case.
Bad Check Laws by State (External Link)
(http://www.ckfraud.org/)
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