The requirement by banks and landlords for the issuance of post dated cheques is to protect the lender or the landlord. That way they can send you to jail if the cheque bounces (as opposed to just a past due debt, which they cannot jail you for). As a borrower or a renter do you really feel that the ability of the bank or landlord to send you to jail if you don't pay the loan or the rent somehow protects you? The new law which effectively bans post-dated cheques protects you from that kind of abuse.
The requirement by banks and landlords for the issuance of post dated cheques is to protect the lender or the landlord. That way they can send you to jail if the cheque bounces (as opposed to just a past due debt, which they cannot jail you for). As a borrower or a renter do you really feel that the ability of the bank or landlord to send you to jail if you don't pay the loan or the rent somehow protects you? The new law which effectively bans post-dated cheques protects you from that kind of abuse.