Recourse to Prior Collecting or Receiving Bank (Page 233) Part 3: Proposed Rules Changes for Section XX of the Rules Section # Proposed Revision Explanation of Proposed Revision Section XX Electronic Returned Checks Section XX(A) through Replaced term Proposed revisions throughout Section XX to reflect transition “Image Section XX(K) with to new ECCHO defined terms of Returned Return” “Electronic “Electronic Returned and Rules changes Check” Check,” “Electronic Information” “Image.” Electronic Returned throughout Section XX. align to new defined term Returned in “Electronic Check” Checks amended Regulation CC. Used new defined terms of (Page 235-291) and “Image” “Electronic to refer to the Information” image and electronic file portions of an Electronic Returned Check. Made various conforming modifications to address use of new defined terms. Updated citations to Regulation CC to reflect new numbering of amended Regulation CC. Section XX(A) Definitional changes only. No substantive changes to this section. Updated defined terms. Compliance with Other Rules Sections (Page 235) Section XX(B) No changes. N/A Reserved
Recourse to Prior Collecting or Receiving Bank (Page 233) Part 3: Proposed Rules Changes for Section XX of the Rules Section # Proposed Revision Explanation of Proposed Revision Section XX Electronic Returned Checks Section XX(A) through Section XX(K) Electronic Returned Checks (Page 235-291) Replaced term “Image Return” with “Electronic Returned Check” throughout Section XX. Used new defined terms of “Image” and “Electronic Information” to refer to the image and electronic file portions of an Electronic Returned Check. Made various conforming modifications to address use of new defined terms. Updated citations to Regulation CC to reflect new numbering of amended Regulation CC. Proposed revisions throughout Section XX to reflect transition to new ECCHO defined terms of “Electronic Returned Check,” “Electronic Information” and “Image.” Rules changes align to new defined term “Electronic Returned Check” in amended Regulation CC. Section XX(A) Compliance with Other Rules Sections (Page 235) Definitional changes only. No substantive changes to this section. Updated defined terms. Section XX(B) Reserved No changes. N/A