United States Code
USC most recently checked for updates: Nov 17, 2019
With respect to consumers who are customers of a bank on the effective date of this chapter and who receive original checks or substitute checks, a bank shall provide the notice described in subsection (a) to each such consumer no later than the first regularly scheduled communication with the consumer after the effective date of this chapter.
A bank shall provide the notice described in subsection (a) to each consumer who will receive original checks or substitute checks, other than existing customers referred to in paragraph (1), at the time at which the customer relationship is initiated.
A bank may send the notices required by this subsection by United States mail or by any other means through which the consumer has agreed to receive account information.
Notice shall be provided to each consumer of the bank that requests a copy of a check and receives a substitute check, at the time of the request.
Before the end of the 9-month period beginning on
A bank shall be treated as being in compliance with the requirements of subsection (a) if the bank’s substitute check notice uses a model form or clause published by the Board and such model form or clause accurately describes the bank’s policies and practices.
A bank may delete any information in the model form or clause that is not required by this chapter or rearrange the format.
This section shall not be construed as requiring any bank to use a model form or clause that the Board prepares under this subsection.