Statutes, codes, and regulations
Texas Administrative Code
Title 7 - BANKING AND SECURITIESPart 2 - TEXAS DEPARTMENT OF BANKINGChapter 35 - CHECK VERIFICATION ENTITIES
Subchapter E - PROCEDURES WHEN INCORRECT INFORMATION IS REPORTED TO THE CHECK VERIFICATION ENTITY
Section 35.72 - What must a check verification entity do when it receives notice directly from a person pursuant to Section 523.052(e)(2), Business & Commerce Code, or from a financial institution through the electronic notification system that information the check verification entity received was erroneous?

7 Tex. Admin. Code § 35.72

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Current through Reg. 49, No. 25; June 21, 2024
Section 35.72 - What must a check verification entity do when it receives notice directly from a person pursuant to Section 523.052(e)(2), Business & Commerce Code, or from a financial institution through the electronic notification system that information the check verification entity received was erroneous?

Subject to other applicable state or federal law, a check verification entity that is notified that information it received through the electronic notification system is not complete or accurate must process the notice in the same manner as it processes such notices received from its usual sources, including information received from its business customers.

7 Tex. Admin. Code § 35.72

The provisions of this §35.72 adopted to be effective January 3, 2008, 32 TexReg 9940; amended to be effective September 9, 2010, 35 TexReg 8102