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Regulation CC: Availability of Funds and Collection of Checks

Date: Wednesday, January 29, 2020
Time: 1:00-2:30 pm EST

Sponsored by Lorman Education Services

Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00

Get up to speed on Regulation CC, the EFA Act and the Check 21 Act.

This topic will cover how Regulation CC (12 CFR part 229) implements the EFA Act and the Check Clearing for the 21st Century Act (Check 21 Act).Subpart B of Regulation CC implements the requirements set forth in the EFA Act regarding the availability schedules within which banksmust make funds available for withdrawal, exceptions to those schedules, disclosure of funds availability policies, and payment of interest.

This material will discuss the EFA Act and subpart B of Regulation CC which contains specified dollar amounts, including, the minimum amount of deposited funds that banks must make available for withdrawal by opening of business on the next day for certain check deposits (minimum amount); the amount a bank must make available when using the EFA Act’s permissive adjustment to the funds-availability rules for withdrawals by cash or other means (cash withdrawal amount); the amount of funds deposited by certain checks in a new account that are subject to next-day availability (new-account amount); the threshold for using an exception to the funds-availability schedules if the aggregate amount of checks on any one banking day exceed the threshold amount (large-deposit threshold); the threshold for determining whether an account has been repeatedly overdrawn (repeatedly overdrawn threshold);and the civil liability amounts for failing to comply with the EFA Act’s requirements.

Learning Objectives:

  • You will be able to identify best practices.
  • You will be able to review the Dodd-Frank Wall Street Reform and Consumer Protection Act.
  • You will be able to discuss check-return rules.
  • You will be able to review Regulation CC background.

This Live Webinar Covers These Hot Issues:

Regulation CC Background

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) Made Certain Amendments to the EFA Act

Check-Return Rules and Same-Day Settlement Rules Outlined and Implemented Under Regulation CC

Best Practices

Credit Information (Sponsored by Lorman Education Services)

  • CLE
  • CPE
  • AIPB

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.


Mark D. Belongia, Johnson & Bell, Ltd.

  • Partner in the Chicago office of Johnson & Bell Ltd.
  • Practice emphasizes all aspects of financial regulatory areas, such as consumer lending and banking
  • Conducts regular seminars and workshops on lending and debt collections
  • Author of several publications related to the areas of properly lending to consumers and proper methods of collection
  • Member of the Chicago, Illinois and American Bar Associations
  • J.D. degree, DePaul University College of Law; B.S.B.A. in accounting, Drake University
  • Can be contacted at or 312-984-0271

(Not available outside the US)