Thread Options
#255819 - 10/12/04 09:54 PM Sight drafts and Check 21
NotALawyer Offline
Gold Star
NotALawyer
Joined: Nov 2001
Posts: 455
Can anyone point me to the requirement for which types of checks are eligible for conversion under Check 21? I'm trying to determine if sight drafts are eligible.

Thanks!

Return to Top
Deposits and Payments
#255820 - 10/13/04 02:56 AM Re: Sight drafts and Check 21
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,629
Cape Cod
Regulation CC, section 229.2(k) and (aaa). The definition of "check" is broad.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top
#255821 - 10/13/04 08:19 PM Re: Sight drafts and Check 21
NotALawyer Offline
Gold Star
NotALawyer
Joined: Nov 2001
Posts: 455
Thanks!

Return to Top

Moderator:  John Burnett