Common use of Check Image Responsibility Clause in Contracts

Check Image Responsibility. You are responsible for the accuracy of the check image. We are not under any obligation to inspect or verify a check image to determine accuracy, legibility or quality of the check image or MICR line information associated with the check image, or for any other purpose. We reserve the right, but are not obligated to, correct or amend MICR line information associated with a check image to facilitate processing of the check image or a substitute check created from that check image. We and other banks may process and collect a check image or a substitute check through one or more check clearinghouses, Federal Reserve Banks, or other private clearing agreements with another bank. The check images or substitute checks will be subject to the rules of that clearinghouse, Federal Reserve Bank, or private clearing bank agreement. You agree that, notwithstanding its electronic form, a check image that is created from an original check, or a substitute check created from that check image, shall be a “check” and/or an “item” for all purposes under this Agreement, the UCC as adopted in the applicable state, the EFAA, Regulation CC, and any other federal or state check law, to the same extent as that original check is a “check” or an “item.”