### Question
How does CHECK TRUNCATION define forward collection?


### Answer
Under *12 U.S.C. § 5002*, **forward collection** is defined as:

> the transfer by a bank of a check to a collecting bank for settlement or the paying bank for payment

#### Citation:
  - *12 U.S.C. § 5002*
  - Heading: **CHAPTER 50-CHECK TRUNCATION**

