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Refuse Stop Payment Order if Customer Cannot Pay?

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Question: 
Can I refuse a stop payment order if the customer cannot pay for the service?
Answer: 

No. Check your state's version of Uniform Commercial Code 4-403. It provides a customer the right to place a stop payment on their account. The Bank cannot take this right away simply because the customer does not have sufficient funds to pay a fee.

First published on 01/21/2018

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