Answer:
Nope. The Nacha Operating Rules and Guidelines (Rules) are the network rules; the Rules are like an operations manual for participants. Other regulations and guidance must also be applied, which are often not covered directly in the Rules. UCC4A, Regulation E and Federal Reserve Operating Circulars are just a few other areas banks must address in their daily processing to remain in compliance.
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Learn more about Rayleen Pirnie’s webinar ACH 101: A Primer for Every Bank Employee