How to deal with the refund after the bank acceptance bill is rejected?

Measures for the refund of bank acceptance bills

In commercial activities, bank acceptance bills are widely used because of their high security and liquidity. However, due to the lack of protection for bona fide third parties in Bill Law's legislation, we should remind the units that use acceptance bills to be vigilant and strengthen the management of acceptance bills. What should I do after the acceptance bill is reported lost, stopped paying or refused to pay?

Firstly, the debtors such as drawer, endorser, guarantor, acceptor and payer are determined according to the draft. According to the provisions of the Negotiable Instruments Law, when a bill is refused payment, the above-mentioned parties are liable for payment.

Secondly, in order to obtain the proof of the bank's refusal to pay, usually the bank will issue a notice of refusal. If it refuses to pay, it must obtain the corresponding certificate through other means, otherwise it may lose the right of recourse against the former party.

Finally, collect evidence to court as soon as possible, even if the bill has no cause (that is, as long as you have the bill, you should get the money). However, our court will still pay attention to more things in judicial practice, so it is extremely important to collect evidence. We should submit the business data related to the bill as evidence, and if we only pay in the current period, we should also make clear the background of the transaction.