NACHA rule, Limitation on Warranty Claims effective June 30, 2021, limits the length of time in which a Receiving Depositary Financial Institution (RDFI) is permitted to make a claim against the Originating Depositary Financial Institution’s (ODFI’s) authorization warranty.
In the NACHA rule, Reversals and Enforcement, the Reversals rule became effective June 30, 2021, and the Enforcement rule became effective Jan. 1, 2021.
This NACHA rule addresses the improper use of reversals. It expands permissible reasons for a reversal to include a “wrong date” error:
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