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Does Check 21 replace existing Federal and state laws concerning checks?

April 26, 2017checks existing Federal Laws replace State

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Does Check 21 replace existing Federal and state laws concerning checks?

1 Answer

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No. Substitute checks fall under all laws applicable to the original check, including Federal Reserve Board regulations, and state law (UCC and state regulatory laws), except to the extent that provisions of applicable laws are inconsistent with the Check 21 Act.