Louisiana HB1115 regulates mobile check deposits to prevent duplicate presentment and provides protections for good faith holders.
HB1115 enacts provisions to safeguard against the duplicate presentment of checks previously deposited via mobile or remote deposit capture. It mandates that individuals accepting checks for value must examine for restrictive endorsements, require valid identification, and verify the name on the check. A person accepting a check with a restrictive endorsement is not deemed to have acted in good faith.
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- Implementation
- Impact
- Legal Framework
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