What is a reflected control letter?

The

Bounted check letter is written by correspondence, which points out that the bank has returned the check on which it is drawn due to lack of sufficient funds to make a payment. There are two types of referenced control letters. One type of reflected control letter is sent from the bank to the transaction parties, each announcing that the payment of the check has been rejected. The second type is the request for a payment letter sent by a person receiving a check of the party that wrote a check and requires the party to make an alternative payment order. The law requires the check to be "good", or can be reimbursed immediately from the balance on the account where the control is drawn up. Bad checks or check that "reflection" is a bank refused that holds an account because there is not enough money to cover the transaction. Writing bad controls is illegal and can resulte in criminal prosecution if the writer intended to cheat on the other side. Civily, anyone who receives a check that reflections are lawauthorized to make payment by alternative means from the writer of the check, along with certain fees and sanctions that are specific to each jurisdiction.

A check -in letter is a correspondence that draws attention to the part of the check that the bank has fallen into payment and requires steps to this matter. There are two types of letters that are commonly generated as a result of a bouncing control. One type is the official correspondence of the participating banks and announces both parties of the transaction. The writer's bank sends a letter to him that the check has been reduced by insufficient funds and that his account was charged certain fees as a result. In addition, the party that received a check as a payment and attempted to Deposit IT on its account will receive a letter from its bank, which announced that the payment was rejected and the amount was removed from its available balance.

the second type of referenced control DOPISU is a demand for payment sent from the party that received the check of the party that wrote it. This letter is used in a normal business to provide the writer's check with the opportunity to pay for payment before the initiation of legal proceedings. The letter usually uses a standard format. It includes an opening statement that the check has been reduced by the bank, the application for alternative payment measures, and the payment deadline. If jurisdiction allows the assessment of the fee for the credited cores, this fee will be set.