Within how many calendar days must originators make specified changes in response to an NOC?

Within how many calendar days must originators make specified changes in response to an NOC?

• A. 5 calendar days
• B. 10 calendar days
• C. 15 calendar days
• D. 7 calendar days

Answer: (C)

The correct answer is 15 calendar days. Under the National Automated Clearing House Association (NACHA) rules, when an Originator receives a Notification of Change (NOC) from an Receiving Depository Financial Institution (RDFI), they are required to make the specified changes to the transaction information within 15 calendar days. This timeframe is essential to ensure that the payment processing system remains efficient and that any changes required by the RDFI are addressed promptly. Making changes according to the NOC helps maintain the accuracy of transaction details and supports the integrity of the ACH network. Originators who fail to comply with this requirement may face issues such as increased returns or grievances from customers due to incorrect transaction information, which can impact customer relationships and overall operational efficiency. Therefore, adhering to the 15-day timeframe is crucial for maintaining compliance with NACHA rules and ensuring smooth transactional operations.

The correct answer is 15 calendar days. Under the National Automated Clearing House Association (NACHA) rules, when an Originator receives a Notification of Change (NOC) from an Receiving Depository Financial Institution (RDFI), they are required to make the specified changes to the transaction information within 15 calendar days.

This timeframe is essential to ensure that the payment processing system remains efficient and that any changes required by the RDFI are addressed promptly. Making changes according to the NOC helps maintain the accuracy of transaction details and supports the integrity of the ACH network.

Originators who fail to comply with this requirement may face issues such as increased returns or grievances from customers due to incorrect transaction information, which can impact customer relationships and overall operational efficiency. Therefore, adhering to the 15-day timeframe is crucial for maintaining compliance with NACHA rules and ensuring smooth transactional operations.