RESTRICTIONS ON BUSINESS

§ 81.61. Prohibition on cashing certain checks.

 Under section 505(a) of the act (63 P. S. §  2325(a)), a licensee may not cash or advance any money on a postdated check. A written or verbal, express or implied,agreement between the licensee and a customer to delay the processing and presentment of a check, even if the check is not postdated, constitutes a violation of the section 505(a) of the act.

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