Check 21 Issue Brief - Consumer Protections Under U.S. Check Law

Topics:
Commercial Banking
Tags:
American Bankers Association,
Check 21,
Check 21 Act,
Consumer Protection,
Financial Services
Source:
American Bankers Association

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Overview: The Check 21 Act provides protection for consumers against any loss that may occur as a result of their receipt of a substitute check, instead of the original check. This document has been prepared to summarize the application of consumer protections to original checks, check images and substitute checks under both traditional check law and the provisions of the Check Clearing for the 21st Century Act ("Check 21 Act").

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Format: PDF | Size: 15KB | Date: Sep 2004 | Pages: 4

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