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July 23
Opening Accounts for Marijuana Businesses: CIP, CDD, Risk and Monitoring
Deborah Crawford

July 29
W-9, W-8BEN and W-8 BENE: IRS issues new forms and new rules;
Deborah Crawford

July 31
ACH Security Framework Rule - Small Rule, Big Implications;
Rayleen Pirnie

August 6
Part I
Flood Insurance: Requirements and Best Practices
A Two-Part Companion Webinar Series;
David Dickinson and Jerod Moyer

August 12
A to Z of Reg E;
Andy Zavoina



Topic Options
#648966 - 12/07/06 04:15 PM ACH Agreements
IMSHY Offline
Gold Star

Registered: 01/04/05
Posts: 375
Loc: NM
Our ACH agreements are really dated and are need of updating, where might I find a really good example of one or a place that tells me what exactly the agreement needs to disclose?

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Audit
#648994 - 12/07/06 04:30 PM Re: ACH Agreements [Re: IMSHY]
RЯ AA_G Offline
10K Club

Registered: 07/21/04
Posts: 18954
I don't think the NACHA rule book has a sample agreement. You might want to check out NACHA's webiste - they might have sample agreements in some of their publications.

If not there, then I would probably suggest getting counsel invovled as the agreement needs to cover NACHA rules, OFAC rules, UCC rules, and a whole bunch of other stuff.

A good audit program might cover some of the things that should be in the agreement too.


Edited by AuditGuy (12/07/06 04:32 PM)
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#649038 - 12/07/06 05:13 PM Re: ACH Agreements [Re: IMSHY]
hawksfan Offline
100 Club

Registered: 03/09/04
Posts: 102
Loc: Iowa/Illinois
The NACHA Rules books has a sample ACH Origination Agreement on pages OG 13-19. We started with that and then had legal counsel review. Hope that helps.

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#649075 - 12/07/06 06:10 PM Re: ACH Agreements [Re: hawksfan]
--houri-- Offline
Member

Registered: 09/22/06
Posts: 94
Loc: Los Angeles, CA
I think you'll find that your RPA's also have sample Originator agreements. Your core or ACH processor might also have some.

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#649660 - 12/08/06 04:13 PM Re: ACH Agreements [Re: --houri--]
MaryRink Offline
Gold Star

Registered: 07/01/03
Posts: 306
Loc: Northern MN
We received our ACH agreements from UMACHA (MN ACH Assoc). They have them on their website free of charge. Check with your state ACH association. They should be able to help you.

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