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In Response To:
Thread Starter: Anonymous
Title: Re: NACHA / ACH Purpose (SEC) Codes

Hello BankersOnline,

I have a legal question concern NACHA SEC codes: Does a debit transaction processed without the correct NACHA SEC code, lack proper authorization on that basis alone? Does it breach warranty between the ODFI and RDFI, even if no claim of unauthorized activity is raised by the receiver?