12 CFR 229 - AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC)

Authority: 12 U.S.C. 4001-401 0, 12 U.S.C. 5001-501 8.

Source: 53 FR 19433, May 27, 1988, unless otherwise noted.

Title 12 published on 2011-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

12 USC 4001 - Definitions

12 USC 4002 - Expedited funds availability schedules

12 USC 4003 - Safeguard exceptions

12 USC 4004 - Disclosure of funds availability policies

12 USC 4005 - Payment of interest

12 USC 4006 - Miscellaneous provisions

12 USC 4007 - Effect on State law

12 USC 4008 - Regulations and reports by Board

12 USC 4009 - Administrative enforcement

12 USC 4010 - Civil liability

12 USC 5001 - Findings; purposes

12 USC 5002 - Definitions

12 USC 5003 - General provisions governing substitute checks

12 USC 5004 - Substitute check warranties

12 USC 5005 - Indemnity

12 USC 5006 - Expedited recredit for consumers

12 USC 5007 - Expedited recredit procedures for banks

12 USC 5008 - Delays in an emergency

12 USC 5009 - Measure of damages

12 USC 5010 - Statute of limitations and notice of claim

12 USC 5011 - Consumer awareness

12 USC 5012 - Effect on other law

12 USC 5013 - Variation by agreement

12 USC 5014 - Regulations

12 USC 5015 - Study and report on funds availability

12 USC 5016 - Statistical reporting of costs and revenues for transporting checks between reserve banks

12 USC 5017 - Evaluation and report by the Comptroller General

12 USC 5018 - Depositary services efficiency and cost reduction

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 229

2011-03-25; vol. 76 # 58 - Friday, March 25, 2011

76 FR 16862 - Availability of Funds and Collection of Checks

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2011-5449
RIN	7100-AD68
Regulation	CC
Docket No.	R-1409

FEDERAL RESERVE SYSTEM

Proposed rule, request for comment.

Comments on the proposed rule must be received not later than June 3, 2011.

12 CFR Part 229

Summary

The Board of Governors (Board) is proposing amendments to facilitate the banking industry's ongoing transition to fully-electronic interbank check collection and return, including proposed amendments to condition a depositary bank's right of expeditious return on the depositary bank agreeing to accept returned checks electronically either directly or indirectly from the paying bank. The Board also is proposing amendments to the funds availability schedule provisions to reflect the fact that there are no longer any nonlocal checks. The Board proposes to revise the model forms that banks may use in disclosing their funds-availability policies to their customers and to update the preemption determinations. Finally, the Board is requesting comment on whether it should consider future changes to the regulation to improve the check collection system, such as decreasing the time afforded to a paying bank to decide whether to pay a check in order to reduce the risk to a depositary bank of having to make funds available for withdrawal before learning whether a deposited check has been returned unpaid.

12 CFR 229 - AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC)

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