Regulation CC Policy
This Regulation CC Policy Template addresses how a bank, credit union, or other type of 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
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:
06/03/24 Update
Joint Press Release – Agencies Announce Inflation-Adjusted Dollar Thresholds for Regulation CC Funds Availability
This Regulation CC Policy Template (approximately 47 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
