Republic Act No. 4885: An act to amend section two, paragraph (d), article three hundred fifteen of act numbered thirty-eight hundred and fifteen, as amended, otherwise known as the revised penal code. (re: issuance of checks.)

Republic Act No. 4885

An act to amend section two, paragraph (d), article three hundred fifteen of act numbered thirty-eight hundred and fifteen, as amended, otherwise known as the revised penal code. (re: issuance of checks.)

An Act to Amend Section Two, Paragraph (d), Article Three Hundred Fifteen of Act Numbered Thirty-eight Hundred and Fifteen, as Amended, otherwise known as the Revised Penal Code. (re: issuance of checks.)

In plain language

This Act amends Section 2 paragraph (d) of the Revised Penal Code to include new provisions that define postdating a check or issuing a check without sufficient funds as a false pretense or fraudulent act, thereby strengthening penalties for check fraud.

Amended Section 2 paragraph (d) to define postdating a check or issuing a check when the offender has no funds or insufficient funds as a false pretense or fraudulent act.

Revised Penal Code

Check Fraud

Amendment

Financial Fraud

REPUBLIC ACT No. 4885

AN ACT TO AMEND SECTION TWO, PARAGRAPH (d), ARTICLE THREE HUNDRED FIFTEEN OF ACT NUMBERED THIRTY-EIGHT HUNDRED AND FIFTEEN, AS AMENDED, OTHERWISE KNOWN AS THE REVISED PENAL CODE. (re: issuance of checks.)

Section 1

Section Two, Paragraph (d), Article Three hundred fifteen of Act Numbered Thirty-eight hundred and fifteen is hereby amended to read as follows:

Sec. 2. By means of any of the following false pretenses or fraudulent acts executed prior to or simultaneously with the commission of the fraud:

"(d) By postdating a check, or issuing a check in payment of an obligation when the offender had no funds in the bank, or his funds deposited therein were not sufficient to cover the amount of the check. The failure of the drawer of the check to deposit the amount necessary to cover his check within three (3) days from receipt of notice from the bank and/or the payee or holder that said check has been dishonored for lack or insufficiency of funds shall be prima facie evidence of deceit constituting false pretense or fraudulent act."

Section 2

This Act shall take effect upon its approval.

Approved: June 17, 1967

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.