12 U.S.C. § 5017 — Evaluation and report by the Comptroller General
submitted 23 years ago by Pub. L. 108-100 to r/title-12-BANKS-AND-BANKING · 194 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
During the 5-year period beginning on October 28, 2003, the Comptroller General of the United States shall evaluate the implementation and administration of this chapter, including—
an estimate of the gains in economic efficiency made possible from check* truncation;
an evaluation of the benefits accruing to consumers and financial institutions from reduced transportation costs, longer hours for accepting deposits for credit* within 1 business day*, the impact of fraud losses, and an estimate of consumers’ share of the total benefits derived from this chapter; and
an assessment of consumer* acceptance of the check truncation process resulting from this chapter, as well as any new costs incurred by consumers who had their original checks returned with their regular monthly statements prior to October 28, 2003.
Before the end of the 5-year period referred to in subsection (a), the Comptroller General shall submit a report to the Congress containing the findings and conclusions of the Comptroller General in connection with the evaluation conducted pursuant to subsection (a), together with such recommendations for legislative and administrative action as the Comptroller General may determine to be appropriate.
Source credit: (Pub. L. 108–100, § 18, Oct. 28, 2003, 117 Stat. 1191.)
- 2003Enacted · Pub. L. 108-100 · 117 Stat. 1191
A history note hasn’t been published yet. The record shows enactment by Pub. L. 108-100 on 2003-10-28.
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