Regulation CC/Expedited Funds Availability Act (EFAA) Policy - $275.00


The purpose of this Regulation CC (EFAA) Policy 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:
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 policy template (approximately 58 pages) is available to purchase from in Microsoft® Word format for $275.00.

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