Remotely Created Check definition

Remotely Created Check means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.

Remotely Created Check or “RCC” means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the Person on whose financial account the check is drawn. A remotely created check is often also referred to as a “demand draft,” “telephone check” or “preauthorized draft.” For purposes of this definition, a remotely created check originates as a paper-based transaction, but can be processed subsequently through electronic means (such as through check imaging or scanning) or through non-electronic means.

Remotely Created Check means a check, including a

Examples of Remotely Created Check in a sentence

• Remotely created check as de- fined in Regulation CC, 12 CFR 229.2(fff).

• In section 229.2, add a new paragraph (fff) to read as follows:§ 229.2 Definitions.* * * * *(fff) Remotely created check means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.

• Remotely created check as defined in Regulation CC, 12 CFR 229.2(fff).

• The Board has adopted proposed § 229.2(bbb) and the related commentary as proposed.6. Section 229.2(fff) – Remotely created check Regulation CC currently defines a “remotely created check” as a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.

• Is not itself a general-use prepaidcard.* * * * *(cc) Remotely created check means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.

More Definitions of Remotely Created Check

Remotely Created Check means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the Person on whose financial account the check is drawn. A Remotely Created Check is often referred to as a

Remotely Created Check means acheck that is not created by the paying bank and that does not bear a signa- ture applied, or purported to be ap- plied, by the person on whose account the check is drawn. For purposes of this definition, ‘‘account’’ means an ac- count as defined in paragraph (a) of this section as well as a credit or other arrangement that allows a person to draw checks that are payable by, through, or at a bank.[53 FR 19433, May 27, 1988, as amended at 53FR 31292, Aug. 18, 1988; 53 FR 44324, Nov. 2,1988; Reg. CC, 54 FR 13850, Apr. 6, 1989; 57 FR46972, Oct. 14, 1992; 58 FR 2, Jan. 4, 1993; 60 FR51670, Oct. 3, 1995; 62 FR 13809, Mar. 24, 1997;69 FR 47309, 47310, Aug. 4, 2004; 70 FR 71225,Nov. 28, 2005]§ 229.3 Administrative enforcement.(a) Enforcement agencies. Compliance with this part is enforced under—

Remotely Created Check has the same meaning given to that term under Federal Reserve Board Regulation CC, 12 C.F.R. Part 229.

Remotely Created Check or "RCC" means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose financial account the check is drawn, as further defined in and governed by Regulation CC, as amended, 12 C.F.R. Part 229. A Remotely-created Check is often also referred to as a "demand draft," "bank draft," "bank check," or "preauthorized draft." For purposes of this definition, an RCC originates as a paper-based transaction, and can be processed subsequently through electronic means (such as through check imaging or scanning), or through non-electronic means.

Remotely Created Check means a check that is drawn on a customer account at a bank, is not created by the paying bank, and does not bear a signature

Remotely Created Check means a writing not signed by a customer that is created by a third party under the purported authority of the customer for the purpose of charging the customer's account with a A remotely created check shall contain the customer's account and may contain any or all of the following:

Remotely Created Check means any paper check not created by the paying bank and not bearing a signature applied (or purporting to be applied) by the person on whose account the check is drawn, and shall be construed to include (without limitation) instruments known as demand drafts, bank drafts, telechecks, or sight drafts.