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    This Page Features The Full Text Of: Batas Pambansa Bilang 22. The Anti-Bouncing Check Law

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    rosanie remotin
    This document contains the full text of Batas Pambansa Bilang 22, also known as the Anti-Bouncing Check Law of the Philippines. The law establishes penalties for issuing checks without sufficient funds to cover the amount. It is a criminal offense to write a check knowing there are insufficient funds and makes the issuer liable for fines, imprisonment, or both. The law also details what constitutes evidence of insufficient funds and the obligations of banks to note the reasons for dishonoring checks.

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    This Page Features The Full Text Of: Batas Pambansa Bilang 22. The Anti-Bouncing Check Law

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    rosanie remotin
    21 views3 pages
    This document contains the full text of Batas Pambansa Bilang 22, also known as the Anti-Bouncing Check Law of the Philippines. The law establishes penalties for issuing checks without sufficient funds to cover the amount. It is a criminal offense to write a check knowing there are insufficient funds and makes the issuer liable for fines, imprisonment, or both. The law also details what constitutes evidence of insufficient funds and the obligations of banks to note the reasons for dishonoring checks.

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    This document contains the full text of Batas Pambansa Bilang 22, also known as the Anti-Bouncing Check Law of the Philippines. The law establishes penalties for issuing checks without sufficient funds to cover the amount. It is a criminal offense to write a check knowing there are insufficient funds and makes the issuer liable for fines, imprisonment, or both. The law also details what constitutes evidence of insufficient funds and the obligations of banks to note the reasons for dishonoring checks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views3 pages

    This Page Features The Full Text Of: Batas Pambansa Bilang 22. The Anti-Bouncing Check Law

    Uploaded by

    rosanie remotin
    This document contains the full text of Batas Pambansa Bilang 22, also known as the Anti-Bouncing Check Law of the Philippines. The law establishes penalties for issuing checks without sufficient funds to cover the amount. It is a criminal offense to write a check knowing there are insufficient funds and makes the issuer liable for fines, imprisonment, or both. The law also details what constitutes evidence of insufficient funds and the obligations of banks to note the reasons for dishonoring checks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    A collection of Philippine laws, statutes and codes

    not included or cited in the main indices

    of the Chan Robles Virtual Law Library


     
    This page features the full text
    of
    Batas Pambansa Bilang 22. chanrobles virtual law library

    THE ANTI-BOUNCING CHECK


    LAW. chanrobles virtual law library

     
    Revised Penal Code of the

    Philippines - Quick Glance

    Book One
    Articles 1-
    113
    Book Two
    Articles
    114-367
     
    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. chan robles
    virtual law library

    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.

    Sec. 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.
    Sec. 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.

    Notwithstanding 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.

    Sec. 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.

    Sec. 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. 
    Sec. 6. Separability clause. - If any
    separable provision of this Act be
    declared unconstitutional, the
    remaining provisions shall continue
    to be in force.
    Sec. 7. Effectivity. - This Act shall
    take effect fifteen days after
    publication in the Official Gazette.

    Approved: April 3, 1979.

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