Noting charges

                                     Noting charges


"Noting" must be recorded with Notary Public within a reasonable time after the dishonour and must contain the fact of dishonour, the date of dishonour, the reason if any given for such dishonour and the noting charges. For this service they charge a small fee. This fee is known as noting charges. Noting charges have to be borne by the person responsible for dishonour. Hence, when a bill is dishonoured, the amount due is the amount of the bill plus the noting charges. However, if the acceptor proves that the bill was not properly presented to him for payment, he may escape his liability.

Noting charges are the amounts paid by the drawer to notary , who warns the drawee of the bill to get clear in a specific time period .

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