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Moheb Hassan

Moheb Hassan

Lawyer

الأسئلة المجابة 63652 | نسبة الرضا 98.2%

Lawyer

My loan 4 payment pending so I nead contact number

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My loan 4 payment pending so I nead contact number
Lawyer's Assistant: Where are you located? It matters because laws vary by location
Shj
Lawyer's Assistant: Has anything been filed or reported?
Sharjah
Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?
4 payment pending so this any problem coming

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إجابة الخبير: Moheb Hassan

Moheb Hassan

Moheb Hassan

Lawyer

الأسئلة المجابة 63652 | نسبة الرضا 98.2%

Dear Customer,                                                       
Thanks for joining and trusting us, much appreciated!

We would like to inform you that if you sign bank checks as guarantees to pay the loan installments on time, and the bank submitted these checks to the court, the judge may put a judgment of imprisonment or fine as punishment for the crime of issuing a check without a balance.
Therefore, we advise you to negotiate with the bank to reschedule the unpaid amounts in return for waiving the cases that are filed against you.
Here is the text of the UAE Penal Code, concerning your inquiry:
Article 401:
Detention or a fine shall be imposed upon anyone who, in bad faith, gives a draft (cheque) without a sufficient and drawable balance or who, after giving a cheque, withdraws all or part of the balance, making the balance insufficient for settlement of the cheque, or if he orders a drawee not to cash a cheque or makes or signs the cheque in a manner that prevents it from being cashed. The same penalty shall apply to any one who endorses a cheque in favor of another or gives him a bearer draft, knowing that there is no sufficient balance to honor the cheque or that it is not drawable. 

The criminal case shall be dropped if the payment or waiver is made after the occurrence of the crime and before the dismissal by a final judgment, and if this happens after the process of judgment is ceased, the judgments shall not be executed.
If the court orders that the check book be withdrawn from the convicted person and not giving him new books, so article (643) of the Commercial Transactions Law, the Public Prosecution shall inform the Central Bank of this matter to all banks. In the case of any bank violating the said order, then they will be forced to pay a fine of 100,000 AED.

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إسأل Lawyer

Moheb Hassan

Moheb Hassan

Lawyer

الأسئلة المجابة 63652 | نسبة الرضا 98.2%

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