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15 Μαΐ 2013 · Regulation CC requires that financial institutions include a notice of funds availability on the front of all preprinted deposit slips. The notice need state only that deposits may not be available for immediate withdrawal.
- Examples
If you choose this option, you must give the customer a hold...
- Examples
Regulation CC (12 CFR 229) implements two laws—the Expedited Funds Availability Act (EFA Act), which was enacted in August 1987 and became effective in September 1988, and the Check Clearing for the 21st Century Act (Check 21), which was enacted in October 2003 and became effective on October 28, 2004.
This appendix contains model availability policy and substitute check policy disclosures, clauses, and notices to facilitate compliance with the disclosure and notice requirements of Regulation CC (12 CFR part 229).
Regulation CC Availability of Funds and Collection of Checks 12 CFR 229; as amended effective July 1, 2020 NOTE ON REGULATION CC In the Code of Federal Regulations, the com-mentary on Regulation CC is set out sepa-rately as appendix E. In the version of Regu-lation CC that follows, each section of the regulation is followed by the commentary on
1 Αυγ 2024 · Regulation CC sets forth the requirements that credit unions make funds deposited into transaction accounts available according to specified time schedules and that they disclose their funds availability policies to their members.
This document is available in the following developer friendly formats: Hierarchy JSON - Title 12; View the PDF for 12 CFR Part 229; Information and documentation can be found in our developer resources.
These instruments are sometimes referred to as “Non-Hold” items. Generally, they are guaranteed funds, government checks, or cash, ACH, or wires. While exception holds can sometimes be placed on some of these items, you can never place any Reg. CC hold on cash, ACH, or wires.
