Time Frames

Question 1

Dishonor a Return

Answer 1

5 Banking Days

Question 2

Contest or correct dishonored return

Answer 2

2 Banking days

Question 3

Respond to Refused NOC

Answer 3

5 Banking Days

Question 4

Originate Commercial Reclamation from time DOD notification

Answer 4

5 Banking days

Question 5

Originate File/Entry Reversal

Answer 5

5 Banking Days

Question 6

Return an XCK Entry

Answer 6

60 Calendar Days

Question 7

Refuse a NOC

Answer 7

15 Calendar Days

Question 8

Originators must make specified NOC changes

Answer 8

The later of, 6 Banking days or prior to initiating another entry

Question 9

Report a Possible Rules Violation from date of occurrence to NACHA

Answer 9

90 Calendar Days

Question 10

RCK copy of item retention

Answer 10

7 years

Question 11

XCK copy of item retention

Answer 11

6 years

Question 12

WSUD copy retention

Answer 12

1 year

Question 13

Originator must make written demand for payment __?__ after it receives the returned Reclamation entry.

Answer 13

15 Banking Days

Question 14

Copy of RCK item upon RDFI request

Answer 14

10 Banking Days

Question 15

Excessive unauthorized returns, ODFI reporting requirements to NACHA’s inquiry timeframe

Answer 15

10 Banking Days

Question 16

RDFI to ODFI copy of WSUD upon request

Answer 16

10 Banking Days

Question 17

Compliance Time Frames: Notification to Receiver of change in amount and change in date for recurring debit

Answer 17

7 Calendar Days = date change
10 Calendar Days = amount change