AboutJim Meadows Expertise I can respond to most questions concerning consumer and business relationships with US financial institutions. My expertise touches on deposit and loan issues and particularly on strategies to navigate through bank policies personell and practices. I have a degree in Economics, attended law school, Graduate Shool of Banking, and Commercial Lending and Compliance Schools.
Experience I have twenty years experience as a bank CEO. Most of those years were spent operating a bank focused primarly on serving consumer/retail needs. I helped pioneer deposit and loan products for low/moderate income individuals. I currently serve on multiple bank boards and am Chairman of a Commercial Bank in Atlanta.
Question Hello Mr. Jim, my bank has contacted me that they must pay some 2004 cashier's checks to my landlord, my landlord didn't cash them so my bank returned them into my account after a period of time. Now my landlord has wrote my bank requesting the money for uncashed cashier's checks, my bank tells me we should pay in full and now because it is due. I am trying to not pay the money since it has been over 4 years and I'm looking at SOL (statute of limitations). This is in California. I already talked to my bank about SOL but the bank says cashier's checks are exempt from SOL. Please advice. Thank you in advance.
Answer Jorge, CA like other states, has a statute which deals with "stale dated" checks. The statute usually gives the banks the option of paying after that date even when the statute exists. I suggest you contact an attorney should you wish to proceed against the bank Jim
