Common use of Transaction Code Clause in Contracts

Transaction Code. This field indicates the transaction is a credit and the payment is going to a checking account. (This code is “24” when you send a pre-note.) Field 3/4—Receiving Routing Number and Check Digit. This nine-digit number identifies the Louisville Metro Revenue Commission financial institution. The first eight digits go in Field 3. The ninth digit goes in Field 4 (Routing

Transaction Code. This field indicates the transaction is a credit and the payment is going to a checking account. (This code is “24” when you send a pre-note.) Field 3/4—Receiving Routing Number and Check Digit. This nine-digit number identifies the Louisville Metro Revenue Commission financial institution. The first eight digits go in Field 3. The ninth digit goes in Field 4 (Routingin