8. All banks that handle the check, including the the payor bank, are called collecting banks. True False
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8. All banks that handle the check, including the the payor bank, are called collecting banks.
True
False
9. Remote Deposit Capture is a consequence of :
The Check 21 Act.
The Federal Reserve Act of 2016.
The Depository Clearance Act of 2018.
The Bank Collection Act of 2014.
None of these Answers.
10. The legal process by which a creditor obtains a court order directing the debtor’s employer to pay directly to the creditor a certain portion of the employee’s wages until the debt is paid is called:
debt appropriation
debt fixation
garnishment
obligation pendens
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