Legal Question in Banking Law in Illinois
Bank Stamp
If I deposit a check which I chose not to endorse for fear of rejection, and the bank stamped this check without my permission, am I still responsible for the check if it bounces? I never accepted legal responsibility by endorsing the check in the first place, so I don't feel they have a right to charge me a RDI fee..
Asked on 12/17/07, 5:09 pm
1 Answer from Attorneys
Joseph Michelotti
Michelotti & Associates, Ltd.
Re: Bank Stamp
Yes they do. Its in your agreement with the bank.
check out my website - www.michelottilaw.com
email me if you have any questions - [email protected]
Answered on 12/18/07, 11:34 pm
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