Check 21 Act
nounid
1801·updated May 9, 2026candidate
Formally known as the Check Clearing for the 21st Century Act. Creates a new document, the IRD (image replacement document or substitute check) that is the legal equivalent of the original check and should be accepted as such. The act does not require institutions to accept electronic images instead of checks or IRDs, but does require the acceptance of IRDs instead of paper checks. The exchange of electronic images is optional and will be done by agreements between individual institutions, groups of institutions, or clearinghouses.
MWE
Classifications
Entity Type
Framework85%llm-generatedllm:claude-haiku-4-5
Sensitivity
Regulated90%llm-generatedllm:claude-haiku-4-5
Information Class
Pci70%llm-generatedllm:claude-haiku-4-5
Variants
- plural
- Check 21 Acts
- possessive
- Check 21 Act's
- pluralpossessive
- Check 21 Acts'
Framework definitions
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- Formally known as the Check Clearing for the 21st Century Act. Creates a new document, the IRD (image replacement document or substitute check) that is the legal equivalent of the original check and should be accepted as such. The act does not require institutions to accept electronic images instead of checks or IRDs, but does require the acceptance of IRDs instead of paper checks. The exchange of electronic images is optional and will be done by agreements between individual institutions, groups of institutions, or clearinghouses.
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