True ... And false. The regs make the banks responsible for the record --
the image -- and at the same time specify that the only "copies" of that
record that will be accepted with the same force of law as the image
retained by the bank must be printed with special markings that "prove"
their provenance. I suppose that specially-marked-up paper copies is what
we'll have to rely upon until we all get "personally connected."
Millican & Associates, Inc.
|From: Chris Flynn [mailto:[log in to unmask]]
|Sent: Tuesday, October 05, 2004 1:59 PM
|However, the regs
|(according to the article), stipulate that the digital image
|is not a record. To get a record, carrying the same force of
|law as the original, a hard copy must be generated.
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