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    BP 22

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    grego centillas
    The document summarizes Batas Pambansa Blg. 22, which penalizes making or drawing checks without sufficient funds. It outlines penalties such as fines or imprisonment for issuing checks without adequate funds to cover them. The law also establishes rules for evidence regarding insufficient funds and the duties of banks in processing checks.

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    BP 22

    Uploaded by

    grego centillas
    34 views2 pages
    The document summarizes Batas Pambansa Blg. 22, which penalizes making or drawing checks without sufficient funds. It outlines penalties such as fines or imprisonment for issuing checks without adequate funds to cover them. The law also establishes rules for evidence regarding insufficient funds and the duties of banks in processing checks.

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    The document summarizes Batas Pambansa Blg. 22, which penalizes making or drawing checks without sufficient funds. It outlines penalties such as fines or imprisonment for issuing checks without adequate funds to cover them. The law also establishes rules for evidence regarding insufficient funds and the duties of banks in processing checks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    34 views2 pages

    BP 22

    Uploaded by

    grego centillas
    The document summarizes Batas Pambansa Blg. 22, which penalizes making or drawing checks without sufficient funds. It outlines penalties such as fines or imprisonment for issuing checks without adequate funds to cover them. The law also establishes rules for evidence regarding insufficient funds and the duties of banks in processing checks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Today is Monday, March 18, 2019

    BATAS PAMBANSA BLG. 22

    AN ACT PENALIZING THE MAKING OR DRAWING AND ISSUANCE OF A CHECK WITHOUT SUFFICIENT FUNDS OR CREDIT AND FOR OTHER PURPOSES.

    Section 1. Checks without sufficient funds. - Any person who makes or draws and issues any check to apply on account or for value, knowing at the time of issue that he does not
    have sufficient funds in or credit with the drawee bank for the payment of such check in full upon its presentment, which check is subsequently dishonored by the drawee bank for
    insufficiency of funds or credit or would have been dishonored for the same reason had not the drawer, without any valid reason, ordered the bank to stop payment, shall be
    punished by imprisonment of not less than thirty days but not more than one (1) year or by a fine of not less than but not more than double the amount of the check which fine shall
    in no case exceed Two Hundred Thousand Pesos, or both such fine and imprisonment at the discretion of the court.

    The same penalty shall be imposed upon any person who, having sufficient funds in or credit with the drawee bank when he makes or draws and issues a check, shall fail to keep
    sufficient funds or to maintain a credit to cover the full amount of the check if presented within a period of ninety (90) days from the date appearing thereon, for which reason it is
    dishonored by the drawee bank.

    Where the check is drawn by a corporation, company or entity, the person or persons who actually signed the check in behalf of such drawer shall be liable under this Act.

    Section 2. Evidence of knowledge of insufficient funds. - The making, drawing and issuance of a check payment of which is refused by the drawee because of insufficient funds in or
    credit with such bank, when presented within ninety (90) days from the date of the check, shall be prima facie evidence of knowledge of such insufficiency of funds or credit unless
    such maker or drawer pays the holder thereof the amount due thereon, or makes arrangements for payment in full by the drawee of such check within (5) banking days after
    receiving notice that such check has not been paid by the drawee.

    Section 3. Duty of drawee; rules of evidence. - It shall be the duty of the drawee of any check, when refusing to pay the same to the holder thereof upon presentment, to cause to be
    written, printed, or stamped in plain language thereon, or attached thereto, the reason for drawee's dishonor or refusal to pay the same: Provided, That where there are no sufficient
    funds in or credit with such drawee bank, such fact shall always be explicitly stated in the notice of dishonor or refusal. In all prosecutions under this Act, the introduction in evidence
    of any unpaid and dishonored check, having the drawee's refusal to pay stamped or written thereon or attached thereto, with the reason therefor as aforesaid, shall be prima facie
    evidence of the making or issuance of said check, and the due presentment to the drawee for payment and the dishonor thereof, and that the same was properly dishonored for the
    reason written, stamped or attached by the drawee on such dishonored check.

    Not with standing receipt of an order to stop payment, the drawee shall state in the notice that there were no sufficient funds in or credit with such bank for the payment in full of such
    check, if such be the fact.

    Section 4. Credit construed. - The word "credit" as used herein shall be construed to mean an arrangement or understanding with the bank for the payment of such check.

    Section 5. Liability under the Revised Penal Code. - Prosecution under this Act shall be without prejudice to any liability for violation of any provision of the Revised Penal Code.

    Section 6. Separability clause. - If any separable provision of this Act be declared unconstitutional, the remaining provisions shall continue to be in force.

    Section 7. Effectivity. - This Act shall take effect fifteen days after publication in the Official Gazette.

    Approved: April 3, 1979.

    The Lawphil Project - Arellano Law Foundation

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