An electronic image of an item together with electronic information describing that item in an approved format will be c
Posted: Thu Jul 21, 2022 8:51 pm
An electronic image of an item together with electronic information describing that item in an approved format will be considered a valid instrument. Common forms of instruments are the following EXCEPT:
A. Checks: Drafts drawn on a bank and payable on demand
B. Pay checks
C. Cash items: Checks or other items payable on demand and collectible at par and accepted at the Reserve Bank
D. Noncash items: Items that a Reserve Bank classifies as requiring special handling
A. Checks: Drafts drawn on a bank and payable on demand
B. Pay checks
C. Cash items: Checks or other items payable on demand and collectible at par and accepted at the Reserve Bank
D. Noncash items: Items that a Reserve Bank classifies as requiring special handling