The Department of the Treasury (Treasury) considers a check void and non-negotiable
if not cashed within one year from the issue date. Treasury returns these funds to
SSA in the form of a Limited Payability (LP) credit in the 15th month after the issue
The following procedures apply to all benefit checks returned to the Field Office
(FO) that Treasury issued and are more than one year old. For more information on
limited payability policy for Title II and Title XVI, see GN 02401.901.