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#698867 - 03/08/07 08:54 PM Foreign-initated transactions
ahou Offline
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ahou
Joined: Aug 2002
Posts: 3,094
205.11(c)(3)(i)(A) For the 90 day error resolution rule, what does "foreign-initiated" mean? In reg E it says "within a state", ABA e-training says "out of state".

Does it mean in a state other than where the transaction was processed, in a state other than where the bank is located, or out of the US? (give people a little info and a war of opinions begins!)
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eBanking / Technology
#698881 - 03/08/07 09:05 PM Re: Foreign-initated transactions ahou
ahou Offline
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ahou
Joined: Aug 2002
Posts: 3,094
I found the answer in Andy's BOL training Q & A (Thanks Andy!) It means it would have to occurred other than in the U.S or one of its territories or possessions.
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