Regulation CC

Course Outline

Regulation CC: Availability of Funds and Collection of Checks

Seat Time: 0.75hrs - Desc:

This course will introduce the learner to Regulation CC and its relationship to the Expedited Funds Availability Act. The learner will be provided with an overview of the timeframes established by Regulation CC that define a business day. After completing this program, the learner will understand:

• The definition of a general hold policy.
• What constitutes a general hold policy exception.
• Why and when notices and disclosures must be given.

Course Topics

T1. Regulation CC: This topic will describe Regulation CC, which implements the Expedited Funds Availability Act and defines what a business day is, in order to set standards for when deposits will be available to customers.

T2. General Hold Policy: This topic will discuss exceptions to general funds availability, including information about hold periods, which can be case-by-case, or special exception, and reasons for extended holds.

T3. Notices and Disclosures: This topic will discuss disclosing funds availability, including information about verbal disclosures and pre-printed notices, pre-printed disclosure details, ATM notices, and other disclosures.