Common use of Retain Data Clause in Contracts

Retain Data. The MEMBER shall retain data on file adequate to permit remaking of Entries for five (5) business days following the date of their transmittal by the Credit Union as provided here, and shall provide such data to the Credit Union upon its request. The MEMBER shall retain a reproducible and legible copy of the source document used to initiate a check entry for two (2) years from the Settlement Date, and will provide it to the ODFI upon request, in a timeframe sufficient for the ODFI to provide such copy to the RDFI within ten (10) banking days, in compliance with the Rules.

Appears in 2 contracts

Sources: Ach and RDC Agreement, Ach and RDC Agreement