The sender's liability for warranties and indemnities that a Reserve Bank makes for a substitute check is subject to the following conditions and limitationsEXCEPT:
Under content of disclosures long term disclosures may include the following, as applicable EXCLUDING:
On a written request from a member of the public, the bank must disclose the names of each of its executive officers and principal shareholders to whom the bank had aggregate credit outstanding at the end of the latest quarter that equaled or exceeded:
Which of the following activities is permitted under ADA?
An electronic image of an item together with electronic information describing that item in an approved format will be considered a valid instrument. Common forms of instruments are the following EXCEPT:
A Reserve Bank makes the following warranties when it handles ___________:"¢ For all items, the Reserve Bank warrants that the returned checks bear all endorsements by all parties that previously handled the checks"¢ For all electronic items, the Reserve Bank warrants all of the"¢ Regulation CC warranties as though they were paper checks"¢ For electronic items that are not representations of substitute checks, the Reserve Bank warrants the following to the bank to which it sends the item:(a) The electronic portion of the item accurately represents all of the information on the front and back of the check as of the time the check was truncated(b) All MICR line information is contained on the item(c) The item conforms to the technical standards set forth in the operating circular(d) No person will receive a transfer, presentment, or return, or otherwise be charged for the item such that the person will be asked to make payment based on an item he or she has already paid
