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- Forward Collection & Return Letter Error Type
- Warranty/Indemnity Claim (WIC) Associated with Unauthorized Remotely Created Checks (URCCs)
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Warranty/Indemnity Claim (WIC) Associated with Unauthorized Remotely Created Checks (URCCs) - Used by the Paying Bank to request a credit entry in response to their allegation a remotely created check was not authorized in the amount stated on the check to the payee indicated on the check and does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.
If you discover a WIC associated with a URCC, submit an adjustment request to the Federal Reserve using the WIC ITYP.
Submit an Electronic Case or Adjustment Request Form (PDF). Use error type WIC.
Reporting Time Frame | Federal Reserve Bank Action |
---|---|
Within 90 calendar days
of the cash letter date of the original presentment of the item in dispute |
Same day acknowledgement - provided requirements are met.* Provide entry within five business days. |
After 90 calendar days
of the cash letter date of the original presentment of the item in dispute. |
Same day acknowledgement - provided requirements are met.* No entry. Request is more than 90 calendar days old and is not eligible for handling through adjustments channels. |
A copy of the customer's written statement asserting under oath that the item in question was unauthorized, and a legible photocopy of the front and back of the item in dispute.
Although a specific form is not required, the customer statement must clearly indicate that it was asserted under oath and must contain the Regulation CC language that serves as the basis for the warranty claim - that the person or entity on whose account the remotely created check is drawn did not authorize the issuance of the check in the amount stated on the check to the payee stated on the check.
Field Name | Paper Form | FedLine CA1000 Message |
---|---|---|
Sender ABA (SNDR) | Your institution’s ABA #, name, street address, city, phone #, contact name and respondent’s ABA # (if applicable) | Auto-fills with your 9-digit ABA # |
Receiver ABA (RCVR) | Receiving Federal Reserve Bank's name and/or ABA # | Federal Reserve Bank ABA # from drop-down list |
Case Investigation Type (ITYP) | WIC Associated with Unauthorized Remotely Created Checks | WIC |
Message Type (MTYP) | Open (OPEN) | Auto-fills with OPEN |
Case Amount (AMT) | Amount of the URCC | |
Entry Type (ETYP) | Credit | CR |
Sender Reference Number (SREF) | Your institution’s case # (max of 14 characters) | |
Contact Information (CNTC & TELE) | Contact name, address and telephone number | Contact name and telephone number |
From Cash Letter ABA (FCL) & To Cash Letter ABA (TCL) | The Federal Reserve sent the cash letter to your institution FCL - Federal Reserve's ABA # TCL - Your institution's ABA # |
|
Product Type (PROD) | Forward (FWD) | FWD - forward |
Attachment (DTF) | Attachment | Attachment code from drop-down box |
Cash Letter or Entry Date (CLED) | Date of the cash letter | |
Cash Letter Total (CLT) | Cash letter total in which the item involved in the claim is contained | |
Tape Total (TT) | Tape/bundle total in which the item involved in the claim is contained | |
Sequence Number (SEQ) | The Federal Reserve's ISN # of the item | |
Item Before Amount (IBEF) | Dollar amount of the item listed on the cash letter detail listing before the item. If the item is the first item, then enter .00. | |
Item After Amount (IAFT) | Dollar amount of the item listed on the cash letter detail listing after the item. If the item is the last item, then enter .00. |
All electronic adjustment requests received by 5:00 p.m. ET with complete information will receive same day entry/acknowledgement. Supporting documentation (attachments) must be provided at the same time the electronic adjustment message is submitted. For requests submitted using the text (TXT) file format, attachments must be received within five business days of receipt of the electronic request. If the supporting documentation is required and not received the request will be resolved back to the requester and any provisional entry will be reversed.
All paper adjustment requests received at the Check Adjustments Centralized Data Entry Site by 11:00 a.m. ET with complete information and documentation will receive same day entry/acknowledgement.
The following investigation types are outdated and have minimal usage. These investigation types were eliminated on May 22, 2017.