This course provides an overview of the new Check 21 legislation that went into effect on October 28, 2004. It covers the goals of the legislation, check truncation, substitute checks, consumer safeguards, expedited recredit procedures, and what banks must do to implement Check 21. There is a Final Assessment that you can use to check your general understanding of Check 21 after completing the course. This course has a somewhat different format than the other ABA eLearning courses and will be replaced with a course in a more typical ABA eLearning format some weeks after the legislation becomes effective.

Audience

Bank personnel who work with checking account customers.

Learning Objectives

After completing this course, students will be able to:

• Explain how Check 21 will impact customers and banks
• Describe the key elements of the Check 21 Act
• Explain Check 21 to customers
• Describe what to expect as Check 21 is implemented