Will Credit Card or HELOC Checks be Imaged?

Answered by:

Question:

Are the checks that a consumer might draw against a credit card or HELOC account eligible for truncation and reconversion under Check 21?

Answer:

Absolutely. The definition of check under Regulation CC is very broad, and includes checks drawn on these loan accounts. So it is possible that a HELOC check, for example, will be converted to an image and presented either as an image or a substitute check.

First published on BankersOnline.com 10/25/04