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Amendment to Banking Offenses and Punishment Act proposes two-year jail term for check bouncers

KATHMANDU, Oct 18: A proposed amendment to the Banking Offenses and Punishment Act, aimed at imposing severe penalties for check bouncers, has been introduced to the Federal Parliament. The amendment bill, registered in the House of Representatives, includes provisions for up to two years of imprisonment in cases of check bouncing.
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Detailed text transcripts for TV channel - CNN - 20100717:21:12:00

Pay it off and the interest will be only 60%. >> okay. so lets move on now. interest will be only 60%. so that should help. >> right. >> okay. >> but the banks will make less money doing this. so youre going to see, you know, somewhat lower credit limits because the banks are going to be more cautious about extending too much credit to people. >> okay. >> things of that nature. >> lets move on now to checking accounts here. >> well, right now the banks dont make money by charging you to use a ch...
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