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Committee allows online-banking images for canceled-check records with passage of HB 1405

INSURANCE & COMMERCE - SENATE · February 21, 2019
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

House Bill 1405 updates the check-imaging law to allow online-banking images in place of original canceled checks for public-entity audits; Legislative Audit staff said complete images (front and back) will still be required and bankers reviewed the draft with no objections.

The Senate Insurance & Commerce Committee voted to advance House Bill 1405 after Legislative Audit staff told the panel the bill updates the state’s check-imaging law to include images produced by online banking.

Frank Carey of Legislative Audit told the committee the bill "updates the check imaging law to include online banking."…

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