Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 52 Pa.B. 6342 (October 1, 2022).

10 Pa. Code § 81.61. Prohibition on cashing certain checks.

RESTRICTIONS ON BUSINESS


§ 81.61. Prohibition on cashing certain checks.

 Under section 505(a) of the act (63 P. S. §  2325(a)), a licensee may not cash or advance any money on a postdated check. A written or verbal, express or implied,agreement between the licensee and a customer to delay the processing and presentment of a check, even if the check is not postdated, constitutes a violation of the section 505(a) of the act.



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