Return Assessment Check with Discrepancy in Written and Numeral Amounts
If a member sends an assessment check on which the number written in digits in the small box on the right side of the check is correct, but the amount written on the line is incorrect, return the check to the member. Otherwise, the bank will pay the check in the incorrect amount that’s written on the line. For example, if the monthly assessment is $222, and the member accidentally writes “Twenty-two dollars” on the line, the bank will pay you $22.
The resource you requested is available only to current members.
Please log in or start your membership account.
Member Log In
Trouble Logging In?
Reset your password. Or contact us.
Need to Renew Your Membership?
If your membership has expired and you wish to renew, visit the Membership Renewal Page.
Sign up for your free trial membership and access this resource now.
Community Association Management Insider helps community association managers keep their co-ops, condominiums, and homeowner’s associations running effectively and within budget — and all in the bounds of state, local, and federal law, as well as their governing documents.
Click here for quick FREE trial sign-up.
As a member, you get:
- Model tools, such as letters to members, bylaws, and contractor agreements
- Step-by-step management techniques
- Updates on new laws and court cases that impact you
- Easy-to-implement solutions to managers' thorniest challenges.
Community Association Management Insider will show you how to:
- Avoid liability and get indemnity
- Effectively and economically manage maintenance and repairs
- Get better deals from contractors
- Get the right insurance coverage
- And much, much more
Sign up for your free trial membership and access this resource now »