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United States · Bill · S

S. 1334 (108th)

Check Truncation Act of 2003

openUnited States· United States Congress· EN

Introduced

25 June 2003

Last action

27 June 2003 · Floor

Status

Returned to the Calendar. Calendar No. 168. (consideration: CR 6/26/2003 S8811)

Sponsors

Sen. Shelby, Richard C. [R-AL]

Subjects

Education

Source updated

7 April 2025

Education

Summary

Check Truncation Act of 2003 - Sets forth a statutory framework under which a substitute check is the legal equivalent of an original check for all purposes, if the substitute check: (1) accurately represents all of the information on the front and back of the original check as of the time the original check was truncated; and (2) bears the legend: "This is a legal copy of your check. You can use it the same way you would use the original check." Prescribes implementation guidelines, including: (1) substitute check warranties; (2) indemnity procedures; (3) expedited recredit claims for consumers and for banks; (4) procedures for claims; (5) measure of damages; (6) statute of limitations; and (7) consumer education materials.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 25 June 2003

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 168.

    Source: Calendars

  2. 25 June 2003

    Reported

    Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Shelby. With written report No. 108-79.

    Source: Committee

  3. 25 June 2003

    Reported

    Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Shelby. With written report No. 108-79.

    Source: Committee

  4. 25 June 2003

    Introduced

    Introduced in Senate

    Source: IntroReferral

  5. 26 June 2003

    Reported

    Committee on Banking, Housing, and Urban Affairs ordered to be reported an original measure.

    Source: Committee

  6. 27 June 2003

    Floor

    Measure laid before Senate by unanimous consent. (consideration: CR 6/24/2003 S8811)

    Source: Floor

Votes

No vote records are attached yet.

Versions

Documents

4 official files

Reported to Senate (text)

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  • Reported to Senate (text)

    Reported to Senate · EN · 25 June 2003

    ViewDownloadOpen at official source

  • Reported to Senate (PDF)

    Reported to Senate · EN · 25 June 2003

    ViewDownloadOpen at official source

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  • Reported to Senate without amendment

    summary · EN · 25 June 2003

    Open at official source

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  • Introduced in Senate

    summary · EN · 25 June 2003

    Open at official source

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Sponsors

Related records

Sources

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