Details
October 28, 2021
1:00PM - 2:00PM
Digging into the New Nacha Warranty Claims Rule
Webinar
Did you know that a new Nacha Operating Rule pertaining to warranty claims became effective in June? Did you know it limits the length of time in which a Receiving Depository Financial Institution (RDFI) is permitted to make a claim against an Originating Depository Financial Institution (ODFI) for breach of its warranty that an ACH entry was authorized?
For ODFIs, it provides greater certainty surrounding the liability for processed transactions. And, RDFIs may need to adjust their procedures for asserting claims for breach of authorization warranties to ensure compliance under the new Rule.
In this webinar, our panel of industry attorneys will talk about the Rule, the applicable time limits to consumer and non-consumer accounts, how those limits relate to other laws and regulations – including Regulation E, and the steps a financial institution should take to implement and respond to warranty claims.
Learn How:
- Nacha Operating Rules and Regulation E time periods relate to consumer transactions
- The shift in liability from ODFI/Originator to RDFI/Receiver for older transactions might impact your organization
- Breach of warranty claims are made and resolved outside the ACH Network.
SPEAKERS
Jennifer Aguilar
Associate, Ballard Spahr
Andrew Erskine
Assistant General Counsel, J.P. Morgan
Jeanette Hait Blanco
General Counsel, Nacha
AAP/APRP Credits 1.2
Webinar Cost:
Member Price: $250
AAP/APRP: $230
Non-Member Price: $330
SFE Education Club = 10 Credits
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aCLuDhaqizCaPxAftmqF167204
10/28/2021 01:00 PM
10/28/2021 02:00 PM
false
Digging into the New Nacha Warranty Claims Rule
Did you know that a new Nacha Operating Rule pertaining to warranty claims became effective in June? Did you know it limits the length of time in which a Receiving Depository Financial Institution (RDFI) is permitted to make a claim against an Originating Depository Financial Institution (ODFI) for breach of its warranty that an ACH entry was authorized?
For ODFIs, it provides greater certainty surrounding the liability for processed transactions. And, RDFIs may need to adjust their procedures for asserting claims for breach of authorization warranties to ensure compliance under the new Rule.
In this webinar, our panel of industry attorneys will talk about the Rule, the applicable time limits to consumer and non-consumer accounts, how those limits relate to other laws and regulations – including Regulation E, and the steps a financial institution should take to implement and respond to warranty claims.
Learn How:
Nacha Operating Rules and Regulation E time periods relate to consumer transactions
The shift in liability from ODFI/Originator to RDFI/Receiver for older transactions might impact your organization
Breach of warranty claims are made and resolved outside the ACH Network.
SPEAKERS
Jennifer AguilarAssociate, Ballard Spahr
Andrew ErskineAssistant General Counsel, J.P. Morgan
Jeanette Hait BlancoGeneral Counsel, Nacha
AAP/APRP Credits 1.2
Webinar Cost:Member Price: $250AAP/APRP: $230Non-Member Price: $330
SFE Education Club = 10 Credits
Click Here to Register!
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