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Can you summarize ARCO 5-37-307?
Arkansas Hot Check Law > Knowingly issuing worthless check.
Short Summary
This section of the Arkansas Hot Check Law governs the offense of knowingly issuing a worthless check. It applies to any person who issues or passes a check, order, draft, or any other form of presentment involving the transmission of account information for the payment of money. The offense occurs when the issuer does not have sufficient funds in or on deposit with the bank or other drawee for the payment in full of the check, order, draft, or any other form of presentment involving the transmission of account information. There are exemptions for preexisting debts or situations where nothing of value was acquired, but it does apply to payments of rent, child support, consignment, tax, license, fee, fine, and court costs. Violation of this section is a violation and is punishable as provided in 5-4-104.
Whom does it apply to?
Any person who issues or passes a check, order, draft, or any other form of presentment involving the transmission of account information for the payment of money
What does it govern?
Knowingly issuing worthless check
What are exemptions?
This section does not apply to a preexisting debt or a situation in which nothing of value was acquired. However, it does apply to a payment of rent, child support, consignment, tax, license, fee, fine, and court costs.
What are the Penalties?
An offense under this section is a violation and is punishable as provided in 5-4-104.
Jurisdiction
Arkansas