Skip to content
BOL Conferences

Thread Options
#686228 - 02/13/07 08:06 PM Reg CC - Notice of Delayed Availability
bankgrl67 Offline
Junior Member
Joined: Apr 2006
Posts: 40
Massachusetts
Do we have to give out a notice of delayed availability form to customers if we are placing an extended hold on a CD?

We give them for checking and savings but not sure if it is mandatory to give them out on CDs.

Any info would be great!

Return to Top
Operations Compliance
#686332 - 02/13/07 09:23 PM Re: Reg CC - Notice of Delayed Availability bankgrl67
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,765
Central City, NE
Reg CC only applies to checking accounts. So no. You also don't have to give them for savings accounts, but you may want to from a customer service stand point.

I've never heard of a bank delaying availability on a check used to open a CD. I'm not saying it's illegal - just never seen it before. You may want to check with your state department of banking as well.

Return to Top

Moderator:  Andy_Z, John Burnett