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Rhode Island General Laws Title 6. Commercial Law--General Regulatory Provisions § 6-42-2. Term of notes--Form of notice of dishonor

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A notice of dishonor sent by a holder to a maker or drawer pursuant to § 6-42-1 shall substantially comply with the following form:

NOTICE OF DISHONORED CHECK

DATE __________________________________________________________________

NAME OF ISSUER _______________________________________________________

STREET ADDRESS _______________________________________________________

CITY AND STATE _______________________________________________________

You are according to law hereby notified that a check or instrument numbered __________ and dated __________ 20 __________, drawn on __________ (bank or other financial institution) of __________, in the amount of __________ has been returned unpaid with the notation that the payment has been refused because of rule. Within thirty (30) days from the mailing of this notice, you must pay or tender

to ________________________________________

(holder)

at ________________________________________ sufficient money to pay the check

(address of holder)

draft or instrument in full. If payment of the above amount is not made within thirty (30) days of the mailing of this notice of dishonor, you may be liable under § 6-42-3, in addition to the amount of the check, draft, or other instrument, and a collection fee of twenty-five dollars ($25.00), for an amount of up to three (3) times the amount of the check, draft, or other instrument, but in no case less than two hundred dollars ($200) and not more than one thousand dollars ($1,000).

________________________________________

(signature of holder)

(b) The notice provided for in subsection (a) shall be sent certified mail, return receipt requested, or by regular mail when such mailing is supported by an affidavit of service by mail.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 6. Commercial Law--General Regulatory Provisions § 6-42-2. Term of notes--Form of notice of dishonor - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-6-commercial-law-general-regulatory-provisions/ri-gen-laws-sect-6-42-2/

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