Collection Policies and Procedures: Post-Dated Checks

LGW employees shall not request or demand post-dated checks as payment on a Debtor's account. Notwithstanding the foregoing prohibition, unsolicited post-dated checks may be accepted from or on behalf of a Debtor. Upon receipt of such checks, the payment processing clerks shall be responsible for properly entering the receipt of such checks and shall be responsible for safeguarding them until the date arrives on which each such item is to be deposited. At least five (5) days prior to the date set forth on such check, a letter shall be sent to the Debtor advising that the check shall be deposited on the date specified on the check unless LGW is directed otherwise.