Anonymous
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Sub: #17 Novation is real with debt settlement
Replied on 08-21-2009, 12:42 PM
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BS Post Deleted - Novation must be agreed on by both parties. Writing a Restrictive Endorsement on a check is going to get you nowhere....now BEGONE - ND

tony x
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Sub: #18
Replied on 02-02-2010, 07:43 PM
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concerning Novation you are correct in stating that the bank has 90 days to return a check with a restrictive endorsement.It is called the safe harbor clause in the UCC under restrictive endorsements. It says also that they can send a check of equal value!! My question is if the smuck who tries this sends a copy of this check to the bank and tells them what was done, what it the bank decides to just keep the money and not return anything?

tony x
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Sub: #19
Replied on 02-02-2010, 07:48 PM
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would that mean that the bank actually agrees and had disclosure? I know this would never happen, but what if it did?

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