Notice of Your RCK Policy. Before first receiving the Check, you must have provided the Receiver with a conspicuous notice stating in clear and readily understandable terms that giving you the Check authorizes you to initiate an ACH debit entry to the Receiver’s account for the amount of the Check if it is returned for insufficient or uncollected funds. Notices provided at the point-of-sale must be clearly displayed on a prominent sign at the point-of- sale. If you are a billing firm (i.e., you issue invoices or statements to be paid by the Receiver), the notice must be clearly displayed on each invoice or statement. You must provide us with a copy of the notice within three (3) Business Days of our request. You agree that, if the Receiver signs a written statement that a required notification was not provided, the amount may be charged against your Account and re-credited to the Receiver.
Appears in 4 contracts
Samples: Ss Agreement, Ss Agreement, Ss Agreement
