Covers the basic provisions of Regulation CC, which implements the Expedited Funds Availability Act focusing on the provisions of the regulation that affect customer-contact functions. Provides an overview of the check processing system, Check 21, and remotely created checks is also included.
What You’ll Learn
Explain the types of accounts covered under Reg CC and the verbiage that must be included in a hold notice
Identify items that are subject to next day availability and exceptions to next day availability
Describe the guidelines for using case-by-case holds and exception holds
Describe Reg CC requirements relating to check processing
Identify additional requirements under Reg CC, including disclosure requirements, employee training, and record retention
After completing this course, students will be able to: