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UCC 3-311 / Accord & Satisfaction


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Yes, it's certainly possible to do that, but a restrictive endorsement will only be valid under certain circumstances. Since the UCC is not a federal law, each state has its own version and you'll want to check the Louisana Code (in your case) for the specifics.

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Has anyone settled a debt by sending a check marked "In Full Satisfaction of a disputed debt" and "endorsement constitutes full settlement" to a credit card company.

The UCC for your state would not generally be applicable to repayment of a loan. It's application is usually limited to contracts for the sale of goods.

Though your state may of other statutes that relate to your question.

Here is a similar question and answer.

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