Common use of Check Retention & Destruction Clause in Contracts

Check Retention & Destruction. Member agrees that all items belong to Member and not to Credit Union and that those items shall be handled in accordance with this Agreement. After receipt by Credit Union of any transmission by Member of imaged items for deposit to Member's account, Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's electronic transmission is subject to proof and verification. Member shall retain the original of all imaged items that have been deposited via Mobile Deposit for reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond thirty-five (35) days from the date processed, and shall properly destroy and dispose of such original checks after such time. During the period that the Member maintains the original checks, the Member understands and agrees that it must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks (including by employees) for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the Mobile Deposit Capture service) and (ii) unauthorized use of information derived from the original checks. When Member destroys, and disposes of, the original checks pursuant to the requirements of this Agreement, the Member understands and agrees that it must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g., through the use of competent shredding equipment.)

Check Retention & Destruction. Member The member agrees that all items belong to Member the member and not to Jordan Credit Union and that those items shall be handled in accordance with this AgreementAgreement and the User Guide. After receipt by Jordan Credit Union of any transmission by Member the member of imaged items for deposit to Memberthe member's account, Jordan Credit Union will acknowledge by electronic means its receipt of such electronic transmission. MemberThe member's electronic transmission is subject to proof and verification. Member The member shall retain the original of all imaged items that have been deposited via Mobile Remote Deposit for reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond thirty-five thirty (3530) days from the date processed, processed and shall properly destroy and dispose of such original checks after such time. During the period that the Member member maintains the original checks, the Member understands and agrees that it they must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks (including by employees) for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the Mobile Remote Deposit Capture capture service) and (ii) unauthorized use of information derived from the original checks. When Member destroys, the member destroys and disposes of, of the original checks pursuant to the requirements of this Agreement, the Member member understands and agrees that it must to use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g., through the use of competent shredding equipment.)

Check Retention & Destruction. Member agrees that all items belong to Member and not to Credit Union and that those items shall be handled in accordance with this AgreementAgreement and the Help File. After receipt by Credit Union of any transmission by Member of imaged items for deposit to Member's account, Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's electronic transmission is subject to proof and verification. Member shall retain the original of all imaged items that have been deposited via Mobile Deposit for a reasonable period of time (i.e. 60 days) in order to verify settlement and credit or to balance periodic statements, but in no case beyond thirty-five ninety (3590) days days, from the date processed, and shall properly destroy and dispose of such original checks after such time. You will promptly provide any retained item, or a sufficient copy of the front and back of the item, to CU as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any item, or for CU's audit purposes. During the period that the Member maintains the original checks, the Member understands and agrees that it must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks (including by employees) for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the Mobile Deposit Capture service) and (ii) unauthorized use of information derived from the original checks. When Member destroys, and disposes of, the original checks pursuant to the requirements of this Agreement, the Member understands and agrees that it must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons person during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g., through the use of competent shredding equipment.)) You agree that you will never re-present the original check. You understand that you are responsible if anyone is asked to make a payment based on an original check that has already been paid.

Check Retention & Destruction. Member agrees You understand and agree that all deposit items belong to Member you and not to the Credit Union and that those items shall be handled in accordance with this Agreement. After receipt by the Credit Union of any transmission by Member you of imaged items for deposit to Member's your account, the Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's Your electronic transmission is subject to proof and verification. Member You shall retain the original of all imaged items that have been deposited via Mobile Deposit for a reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond thirty-five ninety (3590) days from the date processed, and . You shall properly destroy and dispose of such original checks after such time. During the period that the Member maintains you maintain the original checks, the Member understands you understand and agrees agree that it you must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks (including by employees) for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the Mobile Deposit Capture serviceDeposit) and (ii) unauthorized use of information derived from the original checks. If you are using the Service to deposit items into an account in the name of a Business to which you are a party, you understand this means the original check(s) must be accessible only by your authorized personnel. Persons who have access to the stored checks must be fully bondable and have passed a thorough screening. When Member destroys, you destroy and disposes of, dispose of the original checks pursuant to the requirements of this Agreement, the Member understands you understand and agrees agree that it you must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g., through the use of competent shredding equipment.)) You understand and agree that you are responsible for any loss caused by your failure to secure the original checks.

Check Retention & Destruction. Member agrees that all items belong to Member and not to Credit Union and that those items shall be handled in accordance with this AgreementAgreement and the User Guide. After receipt by Credit Union of any transmission by Member of imaged items for deposit to Member's account, Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's electronic transmission is subject to proof and verification. Member shall retain the original of all imaged items that have been deposited via Mobile Remote Deposit for reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond thirty-five (35) days from the date processed, and shall properly destroy and dispose of such original checks after such time. During the period that the Member maintains the original checks, the Member understands and agrees that it must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks (including by employees) for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the Mobile Remote Deposit Capture service) and (ii) unauthorized use of information derived from the original checks. When Member destroys, and disposes of, the original checks pursuant to the requirements of this Agreement, the Member understands and agrees that it must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g., through the use of competent shredding equipment.)

Check Retention & Destruction. Member agrees You understand and agree that all deposit items belong to Member you and not to Credit Union and that those items shall be handled in accordance with this Agreement. After receipt by Credit Union of any transmission by Member you of imaged items for deposit to Member's your account, Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's Your electronic transmission is subject to proof and verification. Member You shall retain the original of all imaged items that have been deposited via Mobile Remote Deposit for reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond thirty-five ninety (3590) days from the date processed, and shall properly destroy and dispose of such original checks after such time. During the period that the Member maintains you maintain the original checks, the Member understands you understand and agrees agree that it must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, : (i) theft or reproduction of the original checks (including by employees) for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the Mobile Deposit Capture service) and ), and (ii) unauthorized use of information derived from the original checks. When Member destroys, you destroy and disposes dispose of, the original checks pursuant to the requirements of this Agreement, the Member understands you understand and agrees agree that it must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g., through the use of competent shredding equipment.)

Check Retention & Destruction. Member agrees that all items belong to Member and not to Credit Union and that those items shall be handled in accordance with this AgreementAgreement and the Help File. After receipt by Credit Union of any transmission by Member of imaged items for deposit to Member's ’s account, Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's ’s electronic transmission is subject to proof and verification. Member shall retain the original of all imaged items that have been deposited via Mobile Deposit for a reasonable period of time (i.e. 60 days) in order to verify settlement and credit or to balance periodic statements, but in no case beyond thirty-five ninety (3590) days days, from the date processed, and shall properly destroy and dispose of such original checks after such time. You will promptly provide any retained item, or a sufficient copy of the front and back of the item, to CU as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any item, or for CU’s audit purposes. During the period that the Member maintains the original checks, the Member understands and agrees that it must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks (including by employees) for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the Mobile Deposit Capture service) and (ii) unauthorized use of information derived from the original checks. When Member destroys, and disposes of, the original checks pursuant to the requirements of this Agreement, the Member understands and agrees that it must use a high degree of care when selecting selection and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons person during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g., through the use of competent shredding equipment.)) You agree that you will never re-present the original check. You understand that you are responsible if anyone is asked to make a payment based on an original check that has already been paid.