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#1470712 - 11/19/10 07:07 PM ACH Audit loan payment & CD interest payment
Southern gal Offline
Platinum Poster
Joined: Mar 2008
Posts: 504
TN
I'm doing my ACH audit, what documentation do I need on the following question. "If the FI is acting as an originator on its own behalf(loan pymts, CD Interest) do the authorizations comply with the ACH rules?

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#1470912 - 11/19/10 10:30 PM Re: ACH Audit loan payment & CD interest payment Southern gal
ackcompliance Offline
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Joined: Nov 2009
Posts: 139
I believe that they are looking for an authorization agreement between the FI and the consumer. You can find an example of this in the ACH rulebook on pg OG36.

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