Examples of ACH Rules in a sentence
Notwithstanding ACH Rules 2.1.2, 4.1.3, and Appendix Two, section 2.2 (listing general ledger and loan ac- counts as permissible transaction codes), an ACH credit entry rep- resenting a Federal payment other than a vendor payment shall be depos- ited into a deposit account at a finan- cial institution.
As Fiscal Agent, each Federal Reserve Bank shall be re- sponsible only to the Treasury and not to any other party for any loss result- ing from the Federal Reserve Bank’s action, notwithstanding Section 11.5 and Article 8 of the ACH Rules.
An agency that reverses an entry shall indemnify the RDFI as provided in the applicable ACH Rules, but the agency’s liability shall be limited to the amount of the entry.
If the Federal Government reverses a file, the Federal Government shall indemnify the RDFI as provided in the applicable ACH Rules, but the extent of such liability shall be limited to the amount of the entries comprising the duplicate or er- roneous file.
Reversals under this sec- tion shall comply with the time limita- tions set forth in the applicable ACH Rules.