Common use of Remotely Created Checks Clause in Contracts

Remotely Created Checks. We are not required to process remotely created checks. You warrant and agree to the following for any remotely created check that we process for you: (i) you received express, verifiable authorization to create the check in the amount and to the payee that appears on the check, (ii) you will maintain proof of such authorization for at least two (2) years from the date of authorization, (iii) will supply such authorization to us upon our request, and (iv) agree you will reimburse us the amount of the check in the event the check is returned, regardless of when the check is returned. We may fulfill reimbursement using funds from your account, and if there are insufficient funds in your account, you remain obligated to remit the remaining balance to us. If you deposit checks that are not actually signed by the drawer, we may close or suspend your account. This includes, for example, checks that simply state they have been authorized by the drawer.