Nacha Operating Rules

Effective Date

Rule Status

Rule Status
New Rule

Risk Management Topic - April 1, 2025

This portion of a recent Rule amendment becomes effective on April 1, 2025 and requires an RDFI to advise the ODFI of the status of a Request for Return within ten (10) banking days of receipt of the ODFI’s request.

Details

Details

Related to the Expanded Use of ODFI Request for Return/R06 rule that went into effect on October 1, 2024, beginning April 1, 2025, an RDFI will be required to advise the ODFI of the status of a Request for Return within ten (10) banking days of receipt of the ODFI’s request. 

Technical

Technical

On October 1, 2024, the Expanded Use of ODFI Request for Return/R06 rule became effective. This rule expands the permissible uses of the Request for Return to allow an ODFI to request a return from the RDFI for any reason.

  • The ODFI would indemnify the RDFI for compliance with the request.
  • Compliance by the RDFI would remain optional.
  • This rule is intended to improve the recovery of funds when fraud has occurred.

 

The requirement for the RDFI to advise the ODFI of the status of the request will become effective April 1, 2025. An RDFI’s only obligation to the ODFI would be to respond to the ODFI’s request.

  • Regardless of whether the RDFI complies with the ODFI’s request to return the Entry, the RDFI must advise the ODFI of its decision or the status of the request within ten (10) banking days of receipt of the ODFI’s request.
    • If the RDFI has processed the requested return within ten banking days, no further action is required.
    • The method of contact is not stipulated by this rule; RDFIs may contact a requesting ODFI via the method indicated on the request for return, via Nacha’s Risk Management Portal, or utilizing contact information found in Nacha’s ACH Contact Registry, as examples.

Impact

Impact

Expanded Use of ODFI Request for Return/R06

Effective date – April 1, 2025

Codification of this practice should become effective as soon as possible.

 

Anticipated Benefits

  • Provides ODFIs information related to the status of a request.

 

Potential Impacts 

  • May require procedural changes for RDFIs.
  • Education and documentation for all participants.

FAQs Section

FAQs Section