What if we change our “opting” decision on Forged & Counterfeit Check Warranties Rules (a.k.a. in the industry as Rule 9) for Images?
Have an appropriate officer of your organization provide the opting decision to ECCHO in writing (email, fax or letter). Submit to Elizabeth Westbrook at ewestbrook@eccho.org or 214-273-3203. • 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 allow
