Compliance Time Frames Flashcards
Standarad return timeframe (back to the RDFI)
2 Banking Days
Dishonor a Return
5 Banking Days
Contest or correct a dishonored return
2 Banking Days
Originate a NOC From Settlement date of original entry
2 Banking Days
Response to a Refused NOC
5 Banking Days
Originate a commercial Reclamation from date of death notification
5 Banking Days
Originate a File or Single-entry Reversal Following the Settlement Date of the transaction(s)
5 Banking Days
Return of an XCK entry
60 Calendar Days
Return of a revoked or unauthorized consumer transaction
60 Calendar Days
Return of an unauthorized corporate transaction
2 Banking Days
Refuse a Notification of Change
15 Calendar Days
Originators must make changes specified in an NOC within ___ of receipt of NOC or prior to initiating another entry to the Receiver’s account, whichever s later
6 Banking Days
Send Report of Possible Rules Violation from date of occurrence to Nacha
90 Calendar Days
Notification to Receiver of change in amount of debit
10 Calendar Days
Send copy of item (relating to RCK) to RDFI upon request
10 Banking Days
