Learn how to calculate bounced check interest

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What are the deadlines for collecting a bounced check?
The deadlines for how many days a check can be cleared vary according to where the check is issued . That is, if from the same square, the check can be forwarded within 30 days; if from a different location, this term increases to 60 days.

If the check is returned, that is, there is no credit in the bank Germany Email List indicated to clear the check, the law provides for how this amount  can be charged .

Law No. 7,357/95 , which provides for checks and other measures, highlights the deadlines above in Article 33. A little further on, in Article 59, it determines that the period for executing the returned check expires in 06 months.

It is important to point out that this period begins to be counted after the period for presenting the check has ended , that is, 30 or 60 days (depending on the market).

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What is Enforcement and Monitoring Action for Returned Checks?
The execution and the monitoring action are legal provisions that aim to recover the amount that should have been paid with the returned check. These are ways provided by law to reestablish a credit, a debt owed and which, in theory, would have been settled with the check in question.

Execution is the quickest way to sue the Judiciary to recover the amount, but it is also the one that requires the most robust proof. This means that in the execution the creditor must present an executive title, that is, a document that attests to the debt. In addition, the debt must be liquid, payable and certain .

The monitoring action is one in which the creditor does not have an enforceable title, that is, a document with the power to force someone to pay something. There are documents that even prove the existence of a debt, but they do not have the same force as an enforceable title. The Judiciary, therefore, must be activated for the debt itself to be recognized.

The check is a cash order. Within the deadlines outlined above, the enforcement action for this title may be filed. If the execution is not carried out, there is the possibility of filing a monitoring action, in which the relationship that led to the issuance of the check will be analyzed.