Nacha revised reversals and enforcement rules
Nacha has added two new rules.
The overarching purpose of these two Rules is to deter and prevent, to the extent possible, the improper use of reversals and the harm it can cause.
The two Rules will explicitly address improper uses of reversals, and improve enforcement capabilities for egregious violations of the Rules.
The Reversals rule will become effective June 30, 2021, and the Enforcement rule became effective January 1, 2021.
See https://www.nacha.org/rules/reversals-and-enforcement for further information.
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