Under the Check 21 Act:
A) banks must accept checks in electronic form.
B) banks are permitted to truncate original checks and process check information electronically.
C) banks must create substitute checks which are the legal equivalent of the original checks.
D) All of these.

Question

Quizplus · Accepted Answer

The Check 21 Act allows banks to process checks electronically by truncating the original paper checks, but it does not mandate that banks must accept checks in electronic form or create substitute checks.