Answer:
No. An RCK conversion entry is one of the ACH entries that are not included in Regulation E’s definition of “electronic fund transfer.” Therefore, it won’t be subject to the consumer protections of the regulation. There are, however, minimal authorization requirements for the RCK ACH entry. The Originator has to display a notice that it may collect the amount of the check electronically before receiving the check from the Receiver (check issuer).
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