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#2252307 - 04/13/21 05:17 PM Check 21 Substitute Check Notice
ckme Offline
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ckme
Joined: Sep 2002
Posts: 248
Is there any issue providing the C5A notice to business account holders who get a returned substitute check?

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#2252392 - 04/15/21 12:46 PM Re: Check 21 Substitute Check Notice ckme
Adam Witmer Offline
Power Poster
Joined: Sep 2010
Posts: 2,643
229.57 applies to consumers. If you provide the C5A notice referenced in this section to business account holders, it probably won't hurt as long you do what the disclosure says you will do (and provide the customer the rights the disclosure says they have). That said, this is more of a legal question (contract issue) than a compliance question so you may want to run it by legal counsel.
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Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
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