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Mobile deposits and multiple payments of a check

Answered by: 

Question: 
Which bank takes the loss if a check is deposited more than once by using mobile deposits?
Answer: 

The paying bank may have a choice about which bank it sends the return item to, and there was an indemnity provision added in 2018 that can affect the outcome. We will discuss it in detail during the webinar.

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Learn more about John Burnett’s

Regulation CC: Check Collection webinar.

First published on 05/09/2021

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