For those observing this thread -- That warranties given by the ODFI do, in fact, outlast the 60-day period. They endure for whatever period state law says they do. But the RDFI in this case can't force the item back after the end of the 60+ day extended return period. So, since the warranty could be enforced later than the 60-day deadline, and the ODFI can see that the authorization was a problem, allowing a late return was the least expensive alternative if there's a potential for the RDFI to sue on the warranty.
And in this case, it's just good business.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8