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