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Home > Products > Check21
Important Check 21 Dates
Check 21 Timeline : Insite Banking System
- December 2001
Federal Reserve Chairman Alan Greenspan, sent to the U.S. Congress a proposal that culminated in Check 21.
- October 8, 2003
Act passed in House of Representatives unopposed
- October 15, 2003
Act passed in Senate by unanimous consent
- October 28, 2003
President Bush signed bill into law
- December 22, 2003
Federal Reserve Board issued request for comment on proposed rule to implement the legislation
- May/June 2004
Final regulations are expected
- July 28, 2004
Model language is required to be available
- October 28, 2004
Check Truncation Act effective date
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In looking at iTeller...it’s really cutting down on the paper we create, which will end up generating a paper savings and cost savings in the long run.
