Notification of Large Return Item: Over 2,500

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Question:

I was told that it was no longer required to send notification of Large Return Item to the bank of first deposit, when returning items 2,500 and over.

Answer:

It's too bad you didn't ask whoever told you to back up the statement with a citation to regulations. The fact is, the requirement still exists. The Federal Reserve Board has made certain proposals regarding the notification that may or may not be finalized but as it stands, the notification requirement at 12 CFR 229.33 still stands as of September 1, 2014.