How do I know which ECCHO members have Opted Out of Rule 9?
On the ECCHO website, click on Membership navigation option on grey bar. Select Rule 9 from drop down to review current list. Here is the direct link (please note, this will open a new window): ECCHO Members Rule9 • What is Rule 9 and what are the key provisions associated with Opting Out or Rescinding Opt Out? The ECCHO Board of Directors approved a Forged & Counterfeit Check Warranties Rule (commonly known in the industry as Rule 9) for image-based transactions. The rule specifies that the Depositary Bank warrants the drawer’s signature is not forged and the check is not counterfeit. It allows members to make a warranty claim using a process specifically outlined in the rule; the rule potentially expedites these claims. The rule allows members an Opt-Out provision. The key provisions associated with the Opt-Out Rule are as follows: • ECCHO members are automatically subject to Rule 9 and therefore a list of institutions covered by the Rule can be found on the ECCHO website, under the
