Event Details*
Thursday, February 01, 2024
On-Demand; 1.2 NCP CEU Eligible
Level: Intermediate
Event Registration**
Member Price: $150.00
Non-Member Price: $325.00
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.
Negotiating checks as a depository institution poses significant risks related to loss and returns. While the institution may want to opt to hold everything to protect itself, there are considerations that must be accounted for. Checks are subject to the funds availability requirements addressed in Regulation CC which enacted the Expedited Funded Availability Act of 1987. Financial Institutions are required to understand and properly implement the requirements of Regulation CC. Failing to follow these practices can result in potential consequences such as those related to examination and consumer protection requirements.
In this session, we explore funds availability as it relates to the requirements outlined in Regulation CC Subpart B. This regulation dives into the requirements for institutions to make certain types of instruments and dollar amounts available to the depositor. Specific topics addressed include next-day availability, availability schedule, exceptions, payment of interest, disclosure requirements, availability policy, and civil liability. This session will also explain which items and situations are exempt from Reg CC requirements.
Come join this session where you will gain a better understanding of funds availability and holds for checks.
Attendees will:
• Interpret how Subpart B of Regulation CC can be applied to funds availability policies.
• Apply newfound knowledge to funds availability practices.
• Demonstrate a firm understanding of exception hold practices
Speaker:
• Mark Dixon, AAP, APRP, NCP, Vice President, Education, NEACH
Audience:
• Anyone involved in check processing/RDC
• NCPs
• Operations
*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.