Common use of Remotely Created Checks Clause in Contracts

Remotely Created Checks. If Customer uses a Service wherein Customer creates or deposits a Remotely Created Check, as that term is defined in Regulation CC, Customer warrants to Bank that the Person on whose account the Remotely Created Check is drawn authorized the issuance of the Remotely Created Check in the amount stated on the check and to the payee stated on the check. Customer further warrants and represents that any use of a Remotely Created Check is in full compliance with the Federal Trade Commission’s Telemarketing Sales Rule (16 CFR 310), as applicable.

Remotely Created Checks. If Customer Member uses a Service wherein Customer Member creates or deposits a Remotely Created Check, as that term is defined in Regulation CC, Customer Member warrants to Bank Xxxxxxxxx Financial that the Person on whose account the Remotely Created Check is drawn authorized the issuance of the Remotely Created Check in the amount stated on the check and to the payee stated on the check. Customer Member further warrants and represents that any use of a Remotely Created Check is in full compliance with the Federal Trade Commission’s Telemarketing Sales Rule (16 CFR 310), as applicableall applicable law.