BOUNCING CHECKS & Secrecy of Bank Deposits Law 1. Batas Pambansa (BP) 22 was enacted to penalize the following acts, except: a. Any person who makes or draws and issues any check to apply on account or for value, knowing at the time of issue that he does not have sufficient funds in or credit with the drawee bank for the payment of such check in full upon its presentment; b. Any person who, having sufficient funds in or credit with the drawee bank when he makes or draws and issues a check, shall fail to keep sufficient funds or to maintain a credit to cover the full amount of the check if presented within a period of ninety (90) days from the date appearing thereon; C. Any person who, having sufficient funds in or credit with the drawee bank when he makes or draws and issues a check, shall fail to keep sufficient funds or to maintain a credit to cover the full amount of the check if presented within a period of sixty (60) days from the date appearing thereon; d. None of the above. 2. Imprisonment for violation of BP 22 shall be for a period of: a. 30 days c. 1 year: b. 2 years d. 5 years. 3. The amount of fine to be imposed for violation of BP 22 shall be: a. Equal to the amount of the check issued; b. One-half of the amount of the check issued; C. Double the amount of the check issued; Three times the amount of the check issued. 4. The prima facie evidence of knowledge of insufficiency of funds or credit arises when arrangements for payment in full of a check within: a. Five (5) banking days after receiving notice that a check has not been paid by the drawee. b. Three (3) banking days after receiving notice that a check has not been paid by the drawee. C. Four (4) banking days after receiving notice that a check has not been paid by the drawee. d. Two (2) banking days after receiving notice that a check has not been paid by the drawee. 5. Shall be construed to mean an arrangement or understanding with the bank for the payment of such check. a. Overdraft c. Notice b. Credit d. Payment