I wrote a check from my checking account for a deposit on a house. We are now getting that deposit back. The man from the company said he needed a copy of my canceled check front and back. He said that he needed to see the endorsement. When I called my bank, they said that it was not endorsed or stamped. The business man said that they would print something out that said when it cleared my bank and where it was deposited. Does a check not have to be endorsed or stamped for deposit only? What can I do?
In recent years, the Uniform Commercial Code in most states has been amended to provide that a bank may accept a check for deposit from its customer without an endorsement. In doing so, and forwarding the check for payment, the depositary bank provides a warranty that its customer received payment or deposit account credit for the check.
Surely the payee of the check has a record of having received and deposited it. If the payee is the same party issuing the refund of the deposit, it should not need to see that the check was endorsed.
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