How long does my company have to file a claim for an altered check? The payee was chemically washed and altered two years ago. The original payee just called wondering where his money is, and we found the altered check in our files. Are we too late?
The general rule under the Uniform Commercial Code is that a customer must report an alteration within one year of receiving the statement showing the payment of the altered check. You might check with an attorney or legal services to find out if your state varies from the general rule in its laws.
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The general rule under the 