Indemnifying bank.

Indemnifying bank. Indemnifying bank means
(1) For the purposes of § 229.34, a bank that provides an indemnity under § 229.34 with respect to remote deposit capture or an electronically-created item, or
(2) For the purposes of § 229.53, a bank that provides an indemnity under § 229.53 with respect to a substitute check.

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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