Answer:
The maximum time you can hold a deposit (for exception reasons) is now 7 days. Your policy should indicate this (not 11 days anymore).
First published on BankersOnline.com 8/22/11
Reducing Exception Hold Days (Reg CC Changes)
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Question:
Earlier I thought I read that the changes to Reg CC included reducing exception hold days. I haven't heard anything else about this. As we change our policies to reflect the $200 availability, should we be addressing the days we can hold a check as well?
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