Answer:
Yes, you can and then you can go after them for the overdraft if you wish. Provisional means provisional.
Revoking Provisional Credit That Isn't There
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Question:
According to Reg E, if I need to reverse provisional credit from a customer and they do not have the funds in the account in the amount of the reversal, can I proceed even though it will leave the account in the negative? The customer has been notified verbally of the reversal and I will send the reversal letter via mail, but they have made no attempt to deposit the money to cover this. Can I proceed, regardless of if the funds are available and still be in compliance?
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