Regulation CC: 02 Expedited Funds Availability Act Exception Holds
8 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
The Expedited Funds Availability Act sets funding timelines for deposited checks, but Regulation CC allows important exceptions to those rules.
What this course covers:
- How the Expedited Funds Availability Act governs check funding times
- The exceptions to Regulation CC funds availability requirements
- When an institution may place an exception hold
- How exception holds affect customers
Designed for deposit and operations staff who apply funds availability rules.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course explains how the Expedited Funds Availability Act governs check funding times, setting the baseline timelines that Regulation CC's exception rules then modify for certain deposited checks under specific circumstances staff need to recognize.
It covers the exceptions to Regulation CC funds availability requirements, giving deposit and operations staff the specific circumstances where the standard funding timelines set by the Expedited Funds Availability Act do not apply to a deposited check.
The course explains when an institution may place an exception hold, translating the Expedited Funds Availability Act's general timelines into the specific triggers operations staff need to recognize before delaying a customer's access to funds.
This course covers how exception holds affect customers, connecting the operational rule back to the customer experience of a delayed deposit under Regulation CC's exception framework for funds availability that deposit staff apply on a routine basis.
The course is designed for deposit and operations staff who apply funds availability rules and need to know when an exception hold under Regulation CC is appropriate and how it affects the customer on the other end.
