Free Collection Guide

Home
Credit/Debit CARD Payment
CHECK Payment
Submit a Claim For Collection
Rates & Credentials
About
Contact
Send Me Information
FAQs
Should We Sue?
Monthly 2017 Collection Advisory
Flex Physical Therapy
Search
Consumer Page
Commercial
Medical Office
Waste Disposal
Collection Industry News
Free Information
Privacy Policy
Employee Login (Password)
Collection Agency or Attorney?
Links
Private (Password)
Abraham Lincoln and Ulysses S.Grant: Bill Collectors!
Collection Agency Campaign Posters
NY Times and Shorpy Photo
Collection Agency Blog

Receive further collection information.

No Obligation. Simply fill out form below.

BCA Financial Services keeps all information strictly private.


Full name:
Email address:
 * required
   
Question or comment to BCA:

Select type of collection:

 
In case your debtor writes "Paid in Full" on his remittance to you (and it is not paid in full).  
 

Uniform Commercial Code › U.C.C. - ARTICLE 3 - NEGOTIABLE INSTRUMENTS (2002) › PART 3. ENFORCEMENT OF INSTRUMENTS

 

§ 3-311. ACCORD AND SATISFACTION BY USE OF INSTRUMENT.

(a) If a person against whom a claim is asserted proves that (i) that person in good faith tendered an instrument to the claimant as full satisfaction of the claim, (ii) the amount of the claim was unliquidated or subject to a bona fide dispute, and (iii) the claimant obtained payment of the instrument, the following subsections apply.

 

(b) Unless subsection (c) applies, the claim is discharged if the person against whom the claim is asserted proves that the instrument or an accompanying written communication contained a conspicuous statement to the effect that the instrument was tendered as full satisfaction of the claim.

 

(c) Subject to subsection (d), a claim is not discharged under subsection (b) if either of the following applies:

 

(1) The claimant, if an organization, proves that (i) within a reasonable time before the tender, the claimant sent a conspicuous statement to the person against whom the claim is asserted that communications concerning disputed debts, including an instrument tendered as full satisfaction of a debt, are to be sent to a designated person, office, or place, and (ii) the instrument or accompanying communication was not received by that designated person, office, or place.

 

(2) The claimant, whether or not an organization, proves that within 90 days after payment of the instrument, the claimant tendered repayment of the amount of the instrument to the person against whom the claim is asserted. This paragraph does not apply if the claimant is an organization that that sent a statement complying with paragraph (1)(i).

 

(d) A claim is discharged if the person against whom the claim is asserted proves that within a reasonable time before collection of the instrument was initiated, the claimant, or an agent of the claimant having direct responsibility with respect to the disputed obligation, knew that the instrument was tendered in full satisfaction of the claim.