BATAS PAMBANSA BLG. 22

: It penalizes the making, drawing, and issuance of a check without sufficient funds or credit and provides for the penalties and other related provisions.
: The same penalty applies as if there were insufficient funds at the time of issuance if the check is dishonored upon presentment within 90 days due to insufficient funds or credit.
: The person or persons who actually signed the check on behalf of the corporation, company, or entity shall be liable under this law.
: The making, drawing, and issuance of a check dishonored for insufficient funds or credit within 90 days, unless the maker pays or arranges payment within five banking days after notice of dishonor.
: The drawee must state the reason for dishonor or refusal explicitly in writing, printing, or stamping on the check or attached notice, especially if due to insufficient funds or credit.
: A dishonored check bearing the drawee's refusal with the stated reason is prima facie evidence of issuance, presentment, and proper dishonor for that reason.
: It means an arrangement or understanding with the bank for the payment of the check.
: Yes, prosecution under this law is without prejudice to liability for violating provisions of the Revised Penal Code.
: It took effect fifteen days after its publication in the Official Gazette.