• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Write agreement on back of check?

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

E

eloqid

Guest
What is the name of your state? Louisiana

I've heard this before. But is this a myth. On the back of the payment check write "By acceptance of this payment, you agree that... and do...." Is this true?

TIA/Gary
 


Ladynred

Senior Member
Depends on your state laws, actually. In most states, Accord and Satisfaction (aka Restrictive endorsements) do NOT work. In others, they will work but ONLY if you follow specific steps.

"Some collection agencies will agree to settle with you for far less than you owe and then turn around and hire another collection agency to collect the difference. However, in many states this is illegal. Once a creditor deposits or cashes a full payment check, even if she strikes out the words payment in full or writes "I don't agree" on the check, she can't come after you for the balance. The states in which this law is enforced:


Arkansas
Kansas
Louisiana
Maine
Nebraska
North Carolina
Pennsylvania
Utah
Virginia
Wyoming Colorado
Connecticut
Georgia
Michigan
New Jersey
Oregon
Texas
Vermont
Washington "

Looks like you may be one if the lucky ones. Do some more reading here:

http://www.carreonandassociates.com/4settle.htm
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top