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Regulation CC/Expedited Funds Availability Act (EFAA) Policy

$275.00

The purpose of this Regulation CC (EFAA) Policy Template is to address how a financial institution adheres to Regulation CC – “Expedited Funds Availability Act” (EFAA).

Description

Regulation CC Policy

The purpose of this Regulation CC Policy Template is to address how a financial institution adheres to Regulation CC – “Expedited Funds Availability Act” (EFAA).

Table of Contents

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Definitions – Topic 3
  • Audit Policy – Topic 4
  • Staff Training – Topic 5
  • Retention of Documentation – Topic 6

Subpart B – Availability of Funds and Disclosure of Funds Availability Policies

  • Next Day Availability – Topic 1
  • Availability Schedule – Topic 2
  • Exceptions – Topic 3
  • Payment of Interest – Topic 4
  • General Disclosure Requirements – Topic 5
  • Specific Availability Policy Disclosure – Topic 6
  • Additional Disclosure Requirements – Topic 7
  • Miscellaneous – Topic 8
  • Relation to State Law – Topic 9
  • Civil Liability – Topic 10

Subpart C – Collection of Checks

  • Electronic Checks and Electronic Information – Topic 1
  • Paying Bank’s Responsibility for Return of Checks and Notices of Nonpayment – Topic 2
  • Returning Bank’s Responsibility for Return of Checks – Topic 3
  • Depository Bank’s Responsibility for Returned Checks and Notice of Nonpayment – Topic 4
  • Warranties and Indemnities – Topic 5
  • Indorsements – Topic 6
  • Presentment and Issuance of Checks – Topic 7
  • Variation by Agreement – Topic 8
  • Liability – Topic 9
  • lnsolvency of Bank – Topic 10
  • Effect of Merger Transaction – Topic 11
  • Relation to State Law – Topic 12
  • Exclusions – Topic 13
  • Checks Payable in Guam, American Samoa, Northern Mariana Islands – Topic 14

Subpart D – Substitute Checks

  • General Provisions Governing Substitute Checks – Topic 1
  • Substitute Check Warranties – Topic 2
  • Substitute Check Indemnity – Topic 3
  • Expedited Recredit for Consumers – Topic 4
  • Expedited Recredit for Banks – Topic 5
  • Liability – Topic 6
  • Consumer Awareness – Topic 7
  • Mode of Delivery of Information – Topic 8
  • Relation to Other Law – Topic 9
  • Variation by Agreement – Topic 10

Includes the following form templates:
Regulation CC Model Forms (21 pages)
Regulation CC Substitute Check Affidavit Packet (4 pages)

Recent updates to this product:
10/01/18 Update
Federal Reserve Board Approves Final Amendments to Liability Provisions of Regulation CC
07/02/18 Update
Deletion of Guidance Prior to 07/01/18 Effective Date
07/05/17 Update
Federal Reserve Press Release – Final Amendments to the Check Collection and Return Provisions in Regulation CC (Availability of Funds and Collection of Checks)

This Regulation CC Policy Template (approximately 46 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $275.00.

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