This legal document, found in the Iowa Code under the Uniform Commercial Code, governs the excusal of presentment for payment or acceptance of an instrument, as well as the excusal of notice of dishonor. Presentment for payment or acceptance may be excused in various circumstances, such as when reasonable diligence cannot be exercised, the maker or acceptor has repudiated the obligation, or the terms of the instrument do not require presentment.

This legal document, governed by the Iowa Code under the Uniform Commercial Code, pertains to the evidence of dishonor of negotiable instruments. It outlines the admissible evidence that creates a presumption of dishonor and notice of dishonor. The document specifies that a document regular in form, a stamp or writing of the drawee, payor bank, or presenting bank refusing acceptance or payment, and a book or record of the drawee, payor bank, or collecting bank showing dishonor are all admissible as evidence.

Repealed by 94 Acts, ch 1167, 121, 122.

Repealed by 94 Acts, ch 1167, 121, 122.See 554.3501, 554.3502, and 554.3512.

Repealed by 94 Acts, ch 1167, 121, 122.See 554.3503.

Repealed by 94 Acts, ch 1167, 121, 122.See 554.3505.

Repealed by 94 Acts, ch 1167, 121, 122.See 554.3505.

Repealed by 94 Acts, ch 1167, 121, 122.See 554.3502 and 554.3504.

1.The holder of a dishonored check, draft, or order may assess against the maker of that check, draft, or order a surcharge not to exceed thirty dollars. 2.The surcharge authorized by this section shall not be assessed unless the holder clearly and conspicuously posts a notice at the usual place of payment, or in the billing statement of the holder, stating that a surcharge will be assessed and the amount of the surcharge.

This section of the Iowa Code governs the civil remedy for dishonor of checks, drafts, or orders due to lack of funds or credit. In a civil action, the plaintiff can recover total damages equaling three times the face value of the dishonored instrument, including the face value itself. However, the total recovery cannot exceed $500 more than the amount of the dishonored instrument. To be eligible for this remedy, the plaintiff must have made a written demand for payment at least thirty days before commencing the action, notifying the defendant of the intention to seek treble damages.