Local check

Local check means a check payable by or at a local paying bank, or a check payable by a nonbank payor and payable through a local paying bank.

Source

12 CFR § 229.2

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Scoping language

As used in this part, and unless the context requires otherwise, the following terms have the meanings set forth in this section, and the terms not defined in this section have the meanings set forth in the Uniform Commercial Code:

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