A Reserve Bank May Present a Noncash Item for Payment

A Reserve Bank may present a noncash item for payment if instructed to do so by the sender and if the:

A) Item provides that it must be presented for acceptance
B) Item is payable elsewhere than at the residence or business of the payor
C) Item sent directly to the paying bank or the nonbank payor
D) Date of payment of the item depends on presentment for acceptance