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Bouncing Checks Law in the Philippines by iveyzel quitan is a document available to read on EtoBox.
What is Bouncing Checks Law in the Philippines about?
BP 22 was enacted to address the problem of unfunded checks being issued and circulating. It considers issuing an unfunded check an offense against public order. The law punishes the mere act of issuing an unfunded check to deter people from committing the offense and maintain social order. Under BP 22, it is a crime to issue a check knowing there are insufficient funds to cover it, as well as failing to maintain enough funds for a check within 90 days of issuing it. The law deems issuing a check that is la
- Author
- iveyzel quitan
- Language
- EN