What do you do when you receive a check from a delinquent owner with a restrictive endorsement on it? Do you cash it? Do you return it? Do you call the attorney?  A restrictive endorsement is a written statement sent with a payment that either defines what the check is written for (such as “Assessments for April, May and June”) or specifically states that it resolves all outstanding amounts owed. A restrictive endorsement may be considered an offer and settlement. By cashing a check with a restrictive endorsement, the casher may be viewed as accepting the offer.    Read the article………………………