NACHA Rule Changes

Effective: 2015-09-18

• Reinitiation is the method permitted in the Rules to resubmit a returned Entry. The NACHA Rules now formally define the types of Entries that may be reinitiated, and those that are prohibited from reinitiation.
• This new Rule requires a reinitiated Entry to contain identical content in the following fields: Company Name, Company ID, and Amount. The Rules permit modification of other fields only to the extent necessary to correct an error or facilitate processing of an Entry. This change allows re-initiation to correct administrative errors, while prohibiting re-initiation of Entries that may be attempts to evade the limitation by varying the content of the Entry. The reinitiated Entries must contain “RETRY PYMT” in the Company Entry Description Field.
• The Rule allows the Return Code R10 (currently used for Extended Returns) to be used for a Return that is a result of a violation of the Re-initiation Rule.

Effective Date: 2015-09-18 12:00 am