heck 21 is a federal law that went into effect October 28, 2004. It is designed to enable banks to handle more checks electronically. Many people are unsure of what this new law means to them. Following is a link to The Federal Reserve Board that provides information regarding questions related to Check 21. We hope you find it informative.

http://www.federalreserve.gov/paymentsystems/truncation/default.htm

Remember, checks from The Film Musicians Secondary Markets Fund ("the Fund") are valid for 90 days from the issued date. The Fund does not issue checks during the month of December in order to prepare for the new calendar year and tax season.

If you have a stale dated check (a check beyond the 90-day limit), you can request to have it reissued in writing. Be sure to include your original signature.

If you have any questions regarding stale dated checks, direct deposit or address updates, contact the Fund’s Research department at (818) 755-7777.

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