Accredited ACH Professional (AAP) Practice Exam

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What is the time frame for the Originator to retain a copy of an RCK entry according to standard preservation policies?

3 years
5 years
7 years
10 years

The correct answer is: 7 years

The correct time frame for the Originator to retain a copy of an RCK (Re-presented Check) entry is indeed 7 years, which aligns with standard preservation policies outlined by the Nacha Operating Rules. This retention period is established to ensure that the Originator has access to the necessary documentation in case of disputes or inquiries related to the RCK entries. Retaining copies for 7 years allows for an adequate window of review in the event that a re-presented check is challenged or needs to be verified. This period is longer than that of regular ACH entries, reflecting the unique nature of RCK transactions that often involve the re-presentation of checks that may have initially been returned for insufficient funds. Such a comprehensive preservation policy helps to uphold the integrity of the ACH network and provides a clear protocol for dispute resolution. The other time frames presented are either shorter or longer than what is specified in the operating rules and do not meet the guidelines established for RCK entries.