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#532672 - 04/17/06 07:22 PM ACH- Time frame for loan account credit
C2 Offline
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Joined: Jul 2005
Posts: 26
GA
According to the ACH rules, what is the time frame for crediting a consumer's loan after the ACH debit is originated?
Last edited by John Burnett; 04/17/06 07:29 PM.
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#532673 - 04/17/06 07:31 PM Re: ACH- Time frame for loan account credit
John Burnett Offline
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John Burnett
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C2. It's not a good idea to "hijack" someone else's thread to ask a difference question. That's why you will find this new thread here. Note that the subject more closely reflects your question, too.
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#532674 - 04/17/06 07:43 PM Re: ACH- Time frame for loan account credit
C2 Offline
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Joined: Jul 2005
Posts: 26
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John, thank you for straightening me out!! I am not very familiar with the "how to's"...... I apologize. I promise to never "hijack" again. Hopefully someone can direct me to an answer to my question.

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#532675 - 04/17/06 08:17 PM Re: ACH- Time frame for loan account credit
John Burnett Offline
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John Burnett
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No harm done, C2. I have looked through the ACH Rules and cannot find anything specific relating to the timing of such credits.
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#532676 - 04/17/06 08:43 PM Re: ACH- Time frame for loan account credit
C2 Offline
Junior Member
Joined: Jul 2005
Posts: 26
GA
That's surprising. Thanks for checking.

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#532677 - 04/17/06 08:59 PM Re: ACH- Time frame for loan account credit
John Burnett Offline
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John Burnett
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Posts: 40,086
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Perhaps someone with some experience handling incoming ACH loan payment entries will be able to respond to your question.
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