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Model Disclosure for Check 21

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Could we use your model disclosure for Check 21 to use at our institution?

There is a model disclosure form (C-5A) in Appendix C to Regulation CC. You can change the heading of the form to describe what it's for a bit better (it doesn't apply only to checking accounts).

Most banks do not provide this disclosure at account opening because they don't enclose original checks (or substitute checks) as separate items within their account statements (printing images on the statements doesn't count). Instead, they provide one of the notices each time they provide a bona fide substitute check to a consumer depositor (for example, when the consumer requests a check copy and the bank provides a substitute check rather than a simple copy, or when the bank provides a substitute return check that's been charged back to the consumer's account).

First published on 5/20/13.

First published on 05/20/2013

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