Common use of Prohibited Checks Clause in Contracts

Prohibited Checks. We may decline to accept any image of a check you submit through eCheck Deposit in our sole discretion. Without limiting that discretion, you agree that you will only seek to deposit “checks,” as that term is defined in the Federal Reserve’s Regulation CC, 12 C.F.R.

Prohibited Checks. We may decline to accept any image of a check you submit through eCheck Deposit in our sole discretion. Without limiting that discretion, you agree that you will only seek to deposit “checks,” as that term is defined in the Federal Reserve’s Regulation CC, 12 C.F.R.C.F.R. Part 229, that are collectible (i.e., properly payable) through eCheck Deposit. You agree that you will not scan and attempt to deposit any of the following: