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What if an NSF occurs in a client trust account?

April 26, 2017account client NSF occurs Trust

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What if an NSF occurs in a client trust account?

1 Answer

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If a properly payable instrument is presented against a client trust account containing insufficient funds, irrespective of whether or not the instrument is honored, the financial institution will send a report, in addition to the overdraft notice sent to you, to the ARDC within the time and format prescribed in Rule 1.15(h)(2).