A Primer On Remittance Instruments

LexisNexis (June 13, 2023, 2:14 PM EDT) -- Remittance instruments continue to function as an important payment system in today’s economy. In general, the Uniform Commercial Code handles remittance instruments and fortunately, the rules are relatively clear. There also are special rules found in Regulation CC, and the FDIC Act. Here are some of the basics focusing on the UCC rules....