A drawee who refuses payment of all or part of a cheque for lack of sufficient funds records the incident no later than the second business day following the refusal of payment. Where the holder has issued the cheque in breach of a ban that is still in force, this period expires no later than the fifth business day following the refusal of payment.
The drawee makes a record under the same conditions when payment of the cheque is refused for another reason if the funds are insufficient to allow payment.
A new refusal to pay a cheque that has already been registered is not registered.