The National Automated Clearing House Association (Nacha) implemented a new rule effective March 19th 2022, requiring organizations that accept payments using a routing number and account number to validate the account as part of Nacha’s anti-fraud efforts. Per Nacha, the requirement is intended to help prevent fraudulent payments into the ACH Network, and to help protect financial institutions from posting fraudulent or incorrect/unauthorized payments

As a result of the new rule, when you log in to Make a Loan Payment, you will be required to validate your account by finding your financial institution’s name on the list and then logging into your online banking.