List of States For Passing Bad Checks Lawyers
It is a crime to pass a check when there are insufficient funds to cover the proposed transaction. This is commonly known as “kiting.” Some states treat this as a serious crime, equating it with forgery. The charge assumes a deliberate attempt to defraud by the check passer. Check “floating” is when a check is written in anticipation of sufficient funds being deposited before the written check is negotiated by the recipient. Usually, “floating” is not considered a serious crime, provided the anticipated funds are deposited in the check writer’s account within ten days after being notified by the bank of insufficient funds.The danger in this behavior is that the anticipated funds may not arrive in a timely manner, subjecting the check writer to a fine or even jail time.