Accredited ACH Professional (AAP) Practice Exam

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How long must the Originator retain a copy of the front and back of an item related to an RCK entry?

3 years
5 years
7 years
10 years

The correct answer is: 7 years

The correct duration for retaining a copy of the front and back of an item related to an RCK entry is seven years. This requirement stems from the operational rules governing ACH entries, which mandate that Originators must keep these records to ensure they can adequately verify transactions and address any issues that may arise over time. Retaining this documentation for seven years allows for appropriate access in case of disputes or reconciliations, particularly given that RCK entries involve a specific type of ACH representation of a paper check that has been returned. The time frame aligns with legal and regulatory requirements, ensuring that entities can respond to inquiries or audits regarding ACH transactions. The other durations provided are either too short or too long according to the current standards set by the NACHA Operating Rules, which specifically outline the seven-year retention period. This ensures that all parties in the transaction chain have the necessary documentation accessible for a significant period, maintaining compliance and supporting operational integrity.