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Late Return - First Time - Second Time

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Question: 
Does a late return apply to checks on first presentment or can they claim late the second time it is being presented?
Answer: 

I'm not sure I totally understand your question, but a check that is presented and returned is the end of that transaction. If it is presented a second time, it is a whole new transaction and the return date would be determined by the date of the second presentment, not the first. As long as the check is started on its way back by midnight of the day following receipt of its second presentation, it is a timely return.

First published on BankersOnline.com 1/7/02

First published on 01/07/2002

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