Remotely Created Check definition

Remotely Created Check means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.

Remotely Created Check or “RCC” means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the Person on whose financial account the check is drawn. A remotely created check is often also referred to as a “demand draft,” “telephone check” or “preauthorized draft.” For purposes of this definition, a remotely created check originates as a paper-based transaction, but can be processed subsequently through electronic means (such as through check imaging or scanning) or through non-electronic means.

Remotely Created Check means a check, including a

Examples of Remotely Created Check in a sentence

• If you use a Service wherein you create or deposit a Remotely Created Check, as that term is defined in Federal Reserve Board Regulation CC, you warrant to Financial Institution that the person on whose account the Remotely Created Check is drawn authorized the issuance of the 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.

• 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.

• If you use a Service wherein you create or deposit a Remotely Created Check, as that term is defined in Federal Reserve Board Regulation CC, you warrant to the Bank that the person on whose account the Remotely Created Check is drawn authorized the issuance of the check in the amount stated on the check and to the payee stated on the check.

• If Customer uses a Service wherein Customer creates or deposits a Remotely Created Check, as that term is defined in Federal Reserve Board Regulation CC, Customer warrants to Bank that the person on whose account the Remotely Created Check is drawn authorized the issuance of the check in the amount stated on the check and to the payee stated on the check.

More Definitions of Remotely Created Check

Remotely Created Check means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the Person on whose financial account the check is drawn. A Remotely Created Check is often referred to as a

Remotely Created Check means a check that is not created by the paying bank and that does not bear a signa- ture applied, or purported to be ap- plied, by the person on whose account the check is drawn. For purposes of this definition, ‘‘account’’ means an ac- count as defined in paragraph (a) of this section as well as a credit or other arrangement that allows a person to draw checks that are payable by, through, or at a bank.[53 FR 19433, May 27, 1988, as amended at 53FR 31292, Aug. 18, 1988; 53 FR 44324, Nov. 2,1988; Reg. CC, 54 FR 13850, Apr. 6, 1989; 57 FR46972, Oct. 14, 1992; 58 FR 2, Jan. 4, 1993; 60 FR51670, Oct. 3, 1995; 62 FR 13809, Mar. 24, 1997;69 FR 47309, 47310, Aug. 4, 2004; 70 FR 71225,Nov. 28, 2005] § 229.3 Administrative enforcement.(a) Enforcement agencies. Compliance with this part is enforced under—

Remotely Created Check means any paper check not created by the paying bank and not bearing a signature applied (or purporting to be applied) by the person on whose account the check is drawn, and shall be construed to include (without limitation) instruments known as demand drafts, bank drafts, telechecks, or sight drafts.

Remotely Created Check or "RCC" means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose financial account the check is drawn, as further defined in and governed by Regulation CC, as amended, 12 C.F.R. Part 229. A Remotely-created Check is often also referred to as a "demand draft," "bank draft," "bank check," or "preauthorized draft." For purposes of this definition, an RCC originates as a paper-based transaction, and can be processed subsequently through electronic means (such as through check imaging or scanning), or through non-electronic means.

Remotely Created Check has the same meaning given to that term under Federal Reserve Board Regulation CC, 12 C.F.R. Part 229.

Remotely Created Check means a check that is drawn on a customer account at a bank, is not created by the paying bank, and does not bear a signature

Remotely Created Check means a writing not signed by a customer that is created by a third party under the purported authority of the customer for the purpose of charging the customer's account with a A remotely created check shall contain the customer's account and may contain any or all of the following: