31 C.F.R. Appendix C to Part 210—Standard Disclosure for Accounts Receivable Conversion—Notice
Title 31 - Money and Finance: Treasury
Notice to Customers Making Payment by Check If you send us a check, it will be converted into an electronic funds transfer (EFT). This means we will copy your check and use the account information on it to electronically debit your account for the amount of the check. The debit from your account will usually occur within 24 hours, and will be shown on your regular account statement. You will not receive your original check back. We will destroy your original check, but we will keep the copy of it. If the EFT cannot be processed for technical reasons, you authorize us to process the copy in place of your original check. If the EFT cannot be completed because of insufficient funds, we may try to make the transfer up to 2 times [and we will charge you a one-time fee of $_, which we will also collect by EFT]. Note: This disclosure must be conspicuous. This means that it should be printed in reasonably large typeface. If this disclosure is combined with other information, it should be set off by contrasting color, by surrounding it with a box, or by using other means to ensure that it is prominently featured. [69 FR 13189, Mar. 19, 2004]
Title 31: Money and Finance: Treasury
PART 210—FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE
Subpart B—Reclamation of Benefit Payments
Appendix C to Part 210—Standard Disclosure for Accounts Receivable Conversion—Notice
