When Reg CC first came out I was taught that if we accepted a check as a deposit item, it became subject to Reg CC rules. To avoid potential losses on foreign items, I have always recommended rejecting them for deposit and sending them as a collection item. In looking at the definition of check, however, I can't find where that is the case. I fear that I may have lead many bankers astray on this issue.
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Life without Jesus is like an unsharpened pencil - it has no point.