I was wondering if you could point me in the right direction as to where to find more information on compliance for paper checks? Whenever I place a stop payment on a paper check, there's a disclosure that says "this request will expire in 6 months in order to comply with regulatory requirements." For the customers who ask for a more in-depth answer, what can I tell them?
Can a customer initiate an ACH Return for unauthorized debit from a closed bank account?
How do banks track disclosures?
What is a “don’t” when preparing for or during a regulatory exam?
What is the rule on tolerance of what the lender is allowed to change on loan documents after the closing of the loan?