BANKS/BANKING: Provides relative to mobile check deposits

This bill establishes legal protections for individuals and businesses that unknowingly deposit a paper check after it has already been processed through mobile deposit systems. It defines specific requirements for financial institutions to verify check authenticity, including checking for restrictive endorsements and validating government-issued identification. The legislation creates an indemnity system where banks that accept checks via mobile deposit must compensate customers who suffer financial losses from duplicate check presentations. Additionally, the bill clarifies jurisdictional rules for nonresident banks involved in these transactions and outlines the conditions under which a person is considered a good faith holder of a check.