With respect to consumers who are customers of a bank on the effective date of this chapter and who receive original checks or substitute checks, a bank shall provide the notice described in subsection (a) to each such consumer no later than the first regularly scheduled communication with the consumer after the effective date of this chapter.
Notice shall be provided to each consumer of the bank that requests a copy of a check and receives a substitute check, at the time of the request.
A bank shall be treated as being in compliance with the requirements of subsection (a) if the bank’s substitute check notice uses a model form or clause published by the Board and such model form or clause accurately describes the bank’s policies and practices.
A bank may delete any information in the model form or clause that is not required by this chapter or rearrange the format.