Reg CC Check 21
Course Number: ABA
Course Code: n/a
Explains how the Check 21 Act created the legal framework for processing checks electronically. Identifies the components of a substitute check, the required customer disclosures, and the process banks must use to handle claims when a substitute check is erroneously paid.
What You’ll Learn
- Explore the components of a substitute check
- Describe when banks must provide special disclosure notices to customers
- Explain how to re-credit customers for claims involving substitute checks
Audience: Tellers, staff opening new accounts and back office staff who process checks.