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#563435 - 06/07/06 05:11 PM Original Checks
Compliance101 Offline
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Compliance101
Joined: Oct 2004
Posts: 473
Tennessee
If the bank scans all checks into an imaging system, does the bank need to keep the original checks? If so, is there a specific way the checks need to be kept?
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Operations Compliance
#563436 - 06/07/06 07:49 PM Re: Original Checks
Bear Collector, CRCM Offline
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Bear Collector, CRCM
Joined: Nov 2000
Posts: 1,830
District of Columbia
Check with your State laws concerning this. Some states have a retention requirement; other's don't. Also, if your bank creates substitute checks, are you ensuring that your copies are clear? If not, you may want to keep them long enough so that you could produce the original in case of a claim.
BC
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