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Endorsements: How long to make a claim?

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I have a customer who paid a vendor with a check dated 6/29/99. The vendor said they never received the check. It was deposited into a Nations Bank account with a Credit to the Within Named Payee stamp. The vendor said his bank is Bank of America. What is the time limit for the return of the item to the bank of first deposit?

The payee on the check has three years from the date of endorsement to make a claim on the check. You should return the check with an affidavit from the payee stating non-receipt to Nations Bank. Nations was the one who guaranteed the endorsement.

First published on 6/4/01

First published on 06/04/2001

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