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#74178 - 04/17/03 03:53 PM stop payment on internet

Do we have to get the customer's signature in 14 days for stop payment?
What is exact rule?

Thank you.

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#74179 - 04/18/03 01:20 PM Re: stop payment on internet
PatrickG Offline
100 Club
Joined: Jun 2001
Posts: 165
Binghamton, NY, USA
If that is what you require in your account agreement, yes. In NY, the the stop payment terms under the UCC can be changed by agreement. If you want verbal or electronic notification of stop payment to be valid for a longer period, you can change your account agreements. Ours just says that a verbal, written or electronic stop payment order is valid for six months.

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