Latest Compliance - Checks Topics

Reg CC: Exception Hold On Third Party Checks?

06/23/2003

When it comes to placing holds for Reg CC purposes, we use the 6 exception hold reasons when applicable. In most cases, we make funds available on the next business day after the day of the deposit. I have been informed that Reg CC allows you to place an exception hold for the reason that it is a third party check. I have not been able to locate this information in the regulation. Please clarify this for me.

Reg D Limits & Check Withdrawal Phone Transactions

06/09/2003

According to Reg D, under the sixtransaction limit, are check withdrawals to the accountholder transacted through an automated phone system included?

Reg CC Disclosures, Cash Transactions, And Hold Status

06/09/2003

In our Reg CC disclosure we state our hold status for DDA's depending on the Fed districts. However, this hold is only in force for cash transactions so any presented check would trump the hold. If it is not stated in the disclosure that we pay checks on uncollected balances are we in error?

Are Official Checks and Cashier's Checks the Same?

06/02/2003

Is an Official Check considered the same as a Cashier's Check under the Reg CC next day availability rules?

Building a CIP

06/01/2003

The Latest On Redlining & Predatory Lending

06/01/2003

Selecting race for the applicant

06/01/2003

Bounce Protection: The Issues Bouncing Around Bounce Protection

06/01/2003

Endorsement Requirement On Checks Written To 'Cash'

05/12/2003

Is it necessary for all checks written on a personal account for cash or to the bank to be endorsed on the back if the person writing the check is present?

Updating BSA Policies To Accommodate Section 326 Rule

05/12/2003

As part of our BSA Policy, I wrote a new customer information procedure guideline. My understanding is that we also need a separate Policy, but someone in our deposit compliance area disagrees. What exactly do we need policywise for BSA?