Legal Question in Credit and Debt Law in Indiana

I opened a savings account for my daughter when she was a minor then when she became an adult she cashed a check for her boyfriend in June of 2009. This check was from his employer and the check did not clear the bank. She moved and did not receive notice from the bank. She and I received court papers from the collection agency representing the bank. I contacted his ex employer and his check did not clear the bank because they that did not notify the bank that the person signing checks for them had permission to do so. The ex employer has written me a check for the amount of the check but now we have the collection fee, which is more then the check is worth. I asked that he pay for half of the collection fee. The check he sent me says paid in full so is he responsible for any part of the collection fee? We live in Indiana. Thank you for the response but I am still a little unclear. The check is in the amount of $370.12 so can I sue for three times that amount or is there a cap of $500.00? Also, am I entitled to sue for 18% interest? The check was written in June 2009. The collection fee for this check is $395.00 so he is responsible for all of that?


Asked on 3/31/11, 2:24 pm

1 Answer from Attorneys

If the bank that your daughter's account was in is Indiana look at Indiana Code 26-2-7.

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Answered on 3/31/11, 3:21 pm


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