Posted By: YHWB
Reg E Return Item Statement Requirements - 07/07/21 07:01 PM
For electronic fund transfers, statements are to include details like terminal location, names of the third parties, account holding institution etc.
what are the requirements, when these debit/credit transactions are reversed or returned. Are return items covered by Reg E?
The regulation states: The term “electronic fund transfer†does not include...transactions arising from the electronic collection, presentment, or return of checks through the check collection system, such as through transmission of electronic check images.
what are the requirements, when these debit/credit transactions are reversed or returned. Are return items covered by Reg E?
The regulation states: The term “electronic fund transfer†does not include...transactions arising from the electronic collection, presentment, or return of checks through the check collection system, such as through transmission of electronic check images.