Eligible Items for Deposit. You agree to scan and deposit only “checks” as that term is defined in Federal Reserve Regulation CC. You agree that the image of the check transmitted to us shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code as adopted in California. For purposes of this Agreement, “check” (as defined in Regulation CC) means a negotiable demand draft that is drawn on:
Appears in 2 contracts
Sources: Remote Deposit Capture User Agreement, Remote Deposit Capture User Agreement
Eligible Items for Deposit. You agree to scan and deposit only “checks” as that term is defined in Federal Reserve Regulation CC (“Regulation CC”). You agree that the image of the check transmitted to us shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code as adopted in California. For purposes of this Agreement, “check” (as defined in Regulation CC) means a negotiable demand draft that is drawn on:.
Appears in 1 contract
Sources: Logix Mobile Banking Terms and Conditions Agreement