Check 21 Act definition

Check 21 Act means the federal Check Clearing for the 21st Century Act and any federal regulations issued in furtherance thereof.
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Check 21 Act means The Check Clearing for the 21st Century Act of 2003 (12 USC § 5001, et seq.), as it may be amended from time to time.
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Check 21 Act means Federal Check Clearing for the 21st Century Act, which allows creation of a digital version of an original Check.
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Examples of Check 21 Act in a sentence

  • We can refuse to accept substitute checks that have not previously been warranted by a bank or other financial institution in conformance with the Check 21 Act.

  • Notwithstanding the foregoing, the time period for notifying us or making a claim under the Check 21 Act, with respect to a substitute check or an image of a substitute check that is sent with a statement or that appears on a statement, will be as set forth in the Check 21 Act.

  • These rules include but are not limited to Regulation CC “Expedited Funds Availability Act”, its Subparts B, C and D (Subpart D implements the Check Clearing for the 21st Century Act (Check 21 Act).

  • Substitute Checks are governed under the Check Clearing for the 21st Century Act (“Check 21 Act”) and the terms of this Agreement, to the extent not modified by the Check 21 Act.

  • The Check 21 Act defines account to mean any deposit account at a bank.

  • The Check 21 Act does not provide banks that use these models with a safe harbor.

  • A drawer that suffers a loss due to receipt of a substitute check may have warranty, indemnity, and, if the drawer is a consumer, expedited recredit rights under the Check 21 Act and subpart D.

  • A legally equivalent substitute check is subject to all laws that are not preempted by the Check 21 Act in the same manner and to the same extent as is an original check.

  • To make check processing faster, a federal law called the Check 21 Act permits financial institutions to replace original checks with substitute checks.

  • This part is issued by the Board of Governors of the Federal Reserve System (Board) to im- plement the Expedited Funds Avail- ability Act (12 U.S.C. 4001–4010) (the EFA Act) and the Check Clearing for the 21st Century Act (12 U.S.C. 5001– 5018) (the Check 21 Act).


More Definitions of Check 21 Act

Check 21 Act means the Check Clearing for the 21st Century Act, 12 U.S.C. §§ 5001 - 5018, as amended.
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Check 21 Act means Federal Check Clearing for the 21 Century Act.
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Check 21 Act means the federal Check Clearing for the 21st Century Act and any federal regulations issued in furtherance
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Related to Check 21 Act

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);

  • Xxxxxxx Act means the Xxxxxxx Antitrust Act of 1890, as amended, and the rules and regulations promulgated thereunder.

  • the 1973 Act means the Water Act 1973;

  • the 1991 Act means the Water Industry Act 1991(a);

  • the 1972 Act means the Local Government Act 1972.

  • POPI Act means the Protection of Personal Information Act, Act 4 of 2013;

  • the 1990 Act means the Town and Country Planning Act 1990;

  • Sxxxxxxx-Xxxxx Act means the Sxxxxxxx-Xxxxx Act of 2002, as amended.

  • the 1998 Act (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

  • the 1985 Act means the Companies Act 1985;

  • the 1993 Act means the Pension Schemes Act 1993; “the 1995 Act” means the Pensions Act 1995;

  • the 1992 Act means the Local Government Finance Act 1992;

  • the 1997 Act means the Town and Country Planning (Scotland) Act 1997 (c. 8);

  • the 1977 Act means the National Health Service Act 1977;

  • the 1983 Act means the Representation of the People Act 1983;

  • Xxxx-Xxxxx Act means the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • the 1997 Regulations means the Zebra, Pelican and Puffin Pedestrian Crossing Regulations 1997.

  • Xxxxx–Xxxxx Act For any federally assisted construction contract, in excess of two thousand dollars ($2,000), the contractor, subcontractor, subrecipient shall comply with all of the requirements of the Xxxxx-Xxxxx Act (40 U.S.C. 3141 – 3148) as supplemented by Department of Labor Regulations (29 CFR Part 5, “Labor Standards Provisions Applicable to Contracts Covering Federally Financed and assisted Construction”); and the Xxxxxxxx “Anti-Kickback” Act (40 U.S.C. 3145), as supplemented by Department of Labor regulations (29 CFR Part 3, “Contractors and Subcontractors on Public Building or Public Work Financed in Whole or in Part by Loans or Grants from the United States”). For a definition of “Construction” see 48 CFR 2.101.

  • Public highway means a public highway, road, street, avenue, alley, or thoroughfare of any kind, or a bridge, tunnel, or subway used by the public.

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • Xxxxxxxx-Xxxxx Act means the Xxxxxxxx-Xxxxx Act of 2002.

  • the 1978 Act means the National Health Service (Scotland) Act 1978 (c. 29),

  • the 1988 Act means the Local Government Finance Act 1988.

  • the 1974 Act means the Health and Safety at Work etc. Act 1974;

  • FILOT Act means Title 12, Chapter 44, of the Code, and all future acts successor or supplemental thereto or amendatory thereof.