Fri, May 20|
Holder in Due Course (HDIC) and the Remote Deposit Capture (RDC) Indemnity
Time & Location
May 20, 2:00 PM – 3:00 PM
About the event
Regulation CC’s RDC Indemnity addresses the risk of the paper check that was accepted for remote deposit entering the payment stream and assigns responsibility to the RDC Bank of First Deposit (BOFD). The depositor or BOFD who accepted a paper check may have HIDC rights in the event of a chargeback due to an RDC indemnity claim. Join Corporate Central and ECCHO for this 60-minute webinar where we will review the terms of being an HIDC and discuss how that legal status has consequences when RDC indemnity claims are resolved.