_________ allowed any institution to "truncate" the paper check at any point in the check clearing process.

Question

Quizplus · Accepted Answer

The Check 21 Act, also known as the Check Clearing for the 21st Century Act, allows institutions to truncate paper checks and create "substitute checks" for the purpose of clearing checks electronically. This increases efficiency and reduces processing time compared to physically transporting paper checks between institutions.

_________ Allowed Any Institution to "Truncate" the Paper Check at Any