Is post dating a check ilegal
Tetra Images/Getty Images Color printers, scanners and copiers make it surprisingly easy to replicate U.
Provisions contained in Sections 138 to 142 of the Negotiable Instruments Act were intended to discourage people from not honouring their commitments by way of payments through cheques, the Bench, comprising Justice M B Shah and Justice Arun Kumar, said.
Check with your local Landlord and Tenant Board to get up to date information on your rights.
In Ontario, for example, a landlord can demand a rent deposit equal to one month’s rent, or the rent for one rental period, whichever is less.
A tenant may also be able to get interest on the security deposit when the tenancy ends or is terminated.However, it is illegal for a landlord in Ontario to demand a security deposit, for potential damages to a rental unit.Due to this, many landlords have tried to use creative ways to come up with charges to get around the rule for security deposits.But it can be surprisingly easy to find yourself breaking the law by adopting a dicey financial practice that seems innocent.You tell yourself, “Everybody does it,” “I was just trying to help,” or, “It seemed like a good idea at the time.” The odds of getting caught might seem slim, but the consequences can be harsh. bluestocking/E /Getty Images Signing a check in another person’s name is generally considered forgery and would violate the law in most states, warns Carol Kaplan, a former spokeswoman for the American Bankers Association in Washington, D. But suppose you sign an elderly parent’s name because the parent is incapacitated, or you sign your child’s name because the kid is away at college. Those signatures are still forgeries, unless a power of attorney is in effect.It is not illegal to post date a check in any state. Public a check postdated for next month for 4 to cover the tires you just bought.What is illegal is to write a check with a lack of funds in the account. John agrees to hold the check until you get paid on the 1st.If you can be sure that the check won't get to your account before the date you have on it that is fine, but you need to be sure you have money to cover it. Youwalk out of the building and John deposits the check on his wayhome. The bank WILL cash thecheck, because the date does not matter on the check.It doesn'tmatter what you and John agreed to, you broke GA law, not John'slaw.If the rent payments are made weekly, the deposit cannot be more than one week’s rent.If the rent payments are monthly, the deposit cannot be more than one month’s rent.