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Application of URR 522

  • The Uniform Rules for Collections, 1995 Revision, ICC Publication No 522, might apply to all accumulations as characterized in ARTICLE 2 where such guidelines are consolidated into the content of the ‘gathering direction’ alluded to in ARTICLE 4 and are official on all gatherings thereto unless generally explicitly concurred or as opposed to the arrangements of a national, state or neighborhood law and additionally direction which can’t be left from.
  • Banks might have no commitment to deal with either an accumulation or any gathering direction or consequent related directions.
  • If a bank chooses, for any reason, not to deal with an accumulation or any related directions got by it, it must exhort the gathering from whom it got the accumulation or the directions by media transmission or, if that isn’t conceivable, by different speedy means, immediately.
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