Description

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

Additional information

Audience	Tellers, staff opening new accounts and back office staff who process checks.
Length	Approximately 15 minutes
Time	4:03 PM
Credits	0.50 CRCM
Member Price	35.00
Non-Member Price	55.00
Course Number	ABA
Location	Online Self-Paced
Vendor	ABA
Course Code	ABA
Prerequisites	None
Day	Online