Depositor Obligations Suspension Cancellation of Service. 4.1. Eligible Items. You agree to scan and deposit only checks as that term is defined in the Federal Reserve Regulation CC (“Reg CC”). You agree that the image of the check transmitted shall be deemed an “item” within the meeting article 4 of the Uniform commercial Code. You agree that you will not use the Services to scan and deposit any checks or other items as shown below:
a. Checks or items payable to any person or entity other than you.
b. Checks or items drawn or otherwise issued by you or any other person on any of your accounts or any account on which you are an authorized signer or joint account holder c. Checks or items drawn on a financial institution located outside the United States.
d. Checks or items not payable in United States Currency.
e. Checks or items containing obvious alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn f. Checks or items previously converted to a substitute check, as defined in Reg CC.
g. Checks or items that are remotely created checks, as defined in Reg CC.
h. Checks or items dated more than 6 months prior to the date of deposit.
i. Checks or items prohibited or otherwise not acceptable under the terms of your The West Tennessee Credit Union account.
Depositor Obligations Suspension Cancellation of Service. 4.1. Eligible Items. You agree to scan and deposit only checks as that term is defined in the Federal Reserve Regulation CC (“Reg CC”). You agree that the image of the check transmitted shall be deemed an “item” within the meeting article 4 of the Uniform commercial Code. You agree that you will not use the Services to scan and deposit any checks or other items as shown below:
a. Checks or items payable to any person or entity other than you.
b. Checks or items drawn or otherwise issued by you or any other person on any of your accounts or any account on which you are an authorized signer or joint account holder.
c. Checks or items drawn on a financial institution located outside the United States.
d. Checks or items not payable in United States Currency.
e. Checks or items containing obvious alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn f. Checks or items previously converted to a substitute check, as defined in Reg CC.
g. Checks or items that are remotely created checks, as defined in Reg CC.
h. Checks or items dated more than 6 months prior to the date of deposit.
i. Checks or items prohibited or otherwise not acceptable under the terms of your GHPFCU account.
Depositor Obligations Suspension Cancellation of Service
