A bank is permitted by statute to remove an original paper check from the check collection process and send instead of it a substitute check.

Question

Quizplus · Accepted Answer

The Check Clearing for the 21st Century Act (Check 21 Act) allows banks to create substitute checks, which are paper copies of the original check that meet the legal requirements for a paper check. These substitute checks can be used in place of the original check in the check collection process.

A Bank Is Permitted by Statute to Remove an Original