Code Section 6657
| Code Section | Effective Date | Name of Act | Name of Provision | 10yr Revenue Estimate ($millions) |
|---|---|---|---|---|
| 6657 | 7/2/2010 | The Homebuyer Assistance and Improvement Act of 2010 1112 | Application of bad check penalty to electronic checks and other payment forms | 48 |
Application of bad check penalty to electronic checks and other payment forms
Explanation of Provision
The provision expands the bad check penalty to cover all commercially acceptable instruments of payment that are not duly paid.
1112- H.R. 5623. The bill passed the House on the suspension calendar on June 29, 2010. The Senate passed the bill by unanimous consent on June 30, 2010. The President signed the bill on July 2, 2010.
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