10 Pa. Code § 81.61

Current through Register Vol. 54, No. 45, November 9, 2024
Section 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.

10 Pa. Code § 81.61