Regulation J
Subpart A--Collection of Checks and Other Items By Federal Reserve Banks
Sec. 210.7 Presenting items for payment.
(a) Presenting or sending. As provided under State law or as
otherwise permitted by this section: (1) a Reserve Bank or a subsequent
collecting bank may present an item for payment or send the item for
presentment and payment; and
(2) A Reserve Bank may send an item to a subsequent collecting bank
with authority to present it for payment or to send it for presentment
and payment.
(b) Place of presentment. A Reserve Bank or subsequent collecting
bank may present an item--
(1) At a place requested by the paying bank;
(2) In the case of a check as defined in 12 CFR 229.2(k), in
accordance with 12 CFR 229.36;
(3) At a place requested by the nonbank payor, if the item is
payable by a nonbank payor other than through or at a paying bank;
(4) Under a special collection agreement consistent with this
subpart; or
(5) Through a clearinghouse and subject to its rules and practices.
(c) Presenting or sending direct. A Reserve Bank or subsequent
collecting bank may, with respect to an item payable in the Reserve
Bank's District:
(1) Present or send the item direct to the paying bank, or to a
place requested by the paying bank; or
(2) If the item is payable by a nonbank payor other than through a
paying bank, present it direct to the nonbank payor. Documents,
securities, or other papers accompanying a noncash item shall not be
delivered to the nonbank payor before the item is paid unless the sender
specifically authorizes delivery.
(d) Item payable in another district. A Reserve Bank receiving an
item payable in another District ordinarily sends the item to the
Reserve Bank of the other District, but with the agreement of the other
Reserve Bank, may present or send the item as if it were payable in its
own District.
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