Description
Part of the Frontline Compliance series on Regulation CC, this course explains the statutory exceptions to the funds availability schedules that allow banks to hold funds beyond the general maximum hold periods. It also covers case-by-case exception holds that occur when banks make funds available sooner than required.
What You’ll Learn
After completing this course, students will be able to:
- Explain statutory exception holds and case-by-case exception holds
- Describe the notices that must be provided for exceptions to the holds
