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OnDemand Course

Check Hold Fundamentals: The Rules Governing Deposited Funds Availability

Banks are required by law to make deposited funds available to customers under certain stringent time periods. Yet depository banks are many times reluctant to provide access to those funds before the check clears. What are the rules applicable to banks under various circumstances? This on-demand webinar presents an overview of the law of funds availability in the bank deposit and check collection scheme. The review is national in scope and not state-specific. Topics will include the risks associated with the check collection process, the genesis of Regulation CC which governs the area, the structure and operation of the regulation, the private and public enforcement provisions of the law, the various notice and disclosure requirements imposed on banks, and the miscellaneous matters that make this area of bank operations an important one to get right.

Learning Objectives:

  • You will be able to discuss UCC cases and the need for change.
  • You will be able to explain Regulation CC.
  • You will be able to review the safeguard exceptions.
  • You will be able to discuss special issues.

Runtime: 100 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • Bank Holds - Why Are Funds Held in the First Place?
  • UCC Cases and the Need for Change
  • The Adoption of Regulation CC

Regulation CC

  • Structure and Operation
  • Overview of Substantive Provisions
  • Enforcement Provisions

The Availability Schedules

  • Next-Day Availability
  • Temporary Availability
  • Permanent Availability

The Safeguard Exceptions

  • Exceptions and Next-Day Availability
  • Exceptions and Temporary Availability
  • Exceptions and Permanent Availability

Special Issues

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on November 21, 2013.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Nicholas Deenis

Nicholas Deenis

Stradley Ronon Stevens & Young, LLP

  • Partner in the office of Stradley Ronon Stevens & Young, LLP, located in Philadelphia, Pennsylvania
  • Practice emphasizes representation of national and local banks and financial institutions in UCC and Reg CC-related claims, as well as claims under the Electronic Funds Transfer Act, a wide variety of state and federal consumer protection claims, including the Fair Credit Reporting Act, the Truth-in-Lending Act and Regulation Z, the Real Estate Settlement Procedures Act, the Fair Debt Collection Practices Act, the Equal Credit Opportunity Act, and state unfair trade practices and consumer protection laws
  • Has extensive litigation experience in check fraud and related claims, and counsels banks on an ongoing basis regarding such claims
  • Conducts regular seminars and workshops with bank clients on numerous operational matters
  • Admitted to practice in Pennsylvania, New Jersey, Eastern District of Pennsylvania, District Court of New Jersey, Third Circuit Court of Appeals
  • J.D. and B.A. degrees, University of Pennsylvania
  • Can be contacted at 484-323-1351 and [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 390916
Published 2013
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