While Presenting items for payment:
Posted: Thu Jul 21, 2022 8:51 pm
While Presenting items for payment:
A. A Reserve Bank or a subsequent collecting bank may present an item for payment but doesn't send the item for presentment and payment
B. A Reserve Bank may send an item to a collecting bank with authority to present it for payment or send it for presentment and payment
C. A Reserve Bank may present an item for payment at the place requested by the paying bank, at a place requested by the nonbank payor, through a clearinghouse, or under a special collection agreement
D. Within a Reserve Bank's district, the Reserve Bank may present the item indirectly to the paying bank or a nonbank payor, as applicable
A. A Reserve Bank or a subsequent collecting bank may present an item for payment but doesn't send the item for presentment and payment
B. A Reserve Bank may send an item to a collecting bank with authority to present it for payment or send it for presentment and payment
C. A Reserve Bank may present an item for payment at the place requested by the paying bank, at a place requested by the nonbank payor, through a clearinghouse, or under a special collection agreement
D. Within a Reserve Bank's district, the Reserve Bank may present the item indirectly to the paying bank or a nonbank payor, as applicable