72 Hour Truth in Lending

Does anyone know if you HAVE to accept a instrument within 72 hours and return for settlement and discharge or can you go back and accept old presentments for value and get discharge?

[theghost]

kgod999, think of the 72 hour window as your time frame to refuse for cause. It is a contract acceptance period. If you fail to refuse for cause within 72 hours, the presenter will proceed as if his offer was accepted, which is fine, because you can accept anything at any time. Although, if you plan to accept for value, I would do it as soon as possible, and you now own the contact and are in control. If you let it sit and do nothing, the presenter will eventually involve the courts, which will mean more paperwork and headaches for you.

[powder]

You can not be forced to do anything you do not wish to.

So no, you do not HAVE to accept anything.

In my 'offers' a/k/a parking tickets... I have refused for cause, accepted for value + returned lack of claim...

To force someone to accept something, the 'acceptor' would simply have to add the tcd to the signature and then withdraw it at a 'safe point'....