HERNDON, Va.-NACHA, the Electronic Payments Association, has drafted a proposed rule that would limit how many times a financial institution can represent an automated clearing house (ACH) item. The amendment would limit presentments to three times. Some ACH items, including the re-presented checks, are already limited to three presentments. "With each unsuccessful attempt to collect an ACH entry comes a reduction in the efficiency of the ACH Network caused by the need for manual intervention in processing the transaction by both the Originator and the RDFI," NACHA said in the proposal. This rule, which would take effect March 22, 2002, would extend that limit to all standard entry class codes.