Check Clearing Act for the 21st Century: Practical Considerations for...

Hoosier Banker;  April 1, 2004 ;     700+ words ......equivalent of the original check, the substitute check must: (1) accurately...receipt of a substitute check rather than an original check. This provision...received the original check rather than a substitute check. A party will...

Implications of the Check Clearing for the 21st Century Act

The CPA Letter;  December 1, 2004 ;     700+ words ......to keep the original check. What Is a Substitute Check? The Check...check." A substitute check is a paper...reproduction of the original check that contains...manner as the original check. The substitute check contains a...

Implications of the Check Clearing for the 21st Century Act.(Of Interest)

Leader's Edge;  November 1, 2004 ;     700+ words ......equivalent of the original check. Checks will...days because a substitute check can be accepted...manner as the original check. To create a substitute check, an electronic image of the original check is made. Once...would use the original ...

Canadian Inventor Develops Substitute Check Creation Method

US Fed News Service, Including US State News;  September 6, 2008 ;     262 words ......Office: "A substitute check is created for an original check which has...line of the original check. An encode line of the substitute check is formatted...line of the substitute check matches the...line of the original check. The formatted...

Consumer advocates wary of Check 21 changes

The Topeka Capital-Journal;  August 8, 2004 ;     523 words ......the creation of a substitute check, which is identified...Under the law, the substitute check retains the legal rights of the original check. Gail Hillebrand...know to request a substitute check should something...the act is a true substitute check. The ...

Proposed bill could make 'substitute checks' stronger, ease truncation...

Community Banker;  May 1, 2003 ;     340 words ......occurs when the original check is removed from...by either a substitute check or electronic...relating to the original check. Currently...receive the original check. Among other...handling of a substitute check. A substitute...account for a ...

Highlights of the proposed federal Check Truncation Act

Bank News;  March 1, 2002 ;     512 words ......equivalent of the original check. * A legally equivalent substitute check would (1...receiving a substitute check rather than the original check. Like the...received the original check rather than the substitute check. * The indemnifying...

Checks will clear faster than ever under new law.

Dallas Morning News (Dallas, TX);  October 25, 2004 ;     700+ words ......specifies that a substitute check -- a paper...of your original check -- is the...However, if a substitute check is created...won't see the original check again. If...instead is a substitute check or a copy of your original check. Either ...

The Check Truncation Act and paying banks

Community Banker;  June 1, 2002 ;     700+ words ......feel to the original check. The substitute check also would...make the substitute check the practical...equivalent of the original check, so parties...receipt of the substitute check instead of the original check. Because...

"Check 21"

Michigan Citizen;  October 2, 2004 ;     700+ words ......check." Only a substitute check can be the legal...equivalent of the original check, and only a substitute check triggers your...you ask for a substitute check. * "A bank other...will have your original check, and will decide...the special ...

Fed approves proposed rule for Check 21 Act

Bank News;  February 1, 2004 ;     176 words ......authorizes a new negotiable instrument called a "substitute check" and provides that a properly prepared substitute check is the legal equivalent of the original check for all purposes. A substitute check is a paper reproduction of the original check that ...

Federal Reserve Amends Reg CC for Check 21

Today;  February 1, 2004 ;     188 words ......authorizes a new negotiable instrument called a "substitute check" and provides that a properly prepared substitute check is the legal equivalent of the original check for all purposes. A substitute check is a paper reproduction of the original check that ...

New checking law to decrease 'float' time.

Knight Ridder/Tribune Business News;  October 10, 2004 ;     700+ words ......Board, the substitute check is a paper...reproduction of an original check that contains...use your original check. The advent of a substitute check can speed...that when an original check is processed and a substitute check created, the ...

Checking changes coming

Charleston Daily Mail;  October 15, 2004 ;     700+ words ......Board, the substitute check is a "paper...reproduction of an original check that contains...use your original check." The advent of a "substitute check" can speed...when an original check is processed and a substitute check created, the ...

CHECK 21 TRADEOFFS

Texas Banking;  October 1, 2004 ;     700+ words ......That a substitute check is the legal...equivalent of an original check; and * A...converted to a substitute check and something...that the original check or a better...both the original check and the substitute check get processed...