Reg CC for Tellers

Thursday, October 7th, 2021 1:30 pm - 3:30 pm CT

A BankWebinars.com Program

Click Here to register for live program $265

Click Here to register for live program and Receive Recording $395

Regulation CC is the regulation governing the availability of funds for transaction accounts and the holds which financial institutions can place on checks. This regulation was passed in 1988 and continues to be one of the toughest compliance problems in financial institutions around the country.

There are many questions, such as can we place a hold on a cashier’s check? How many days can we hold checks on a new account? Does this apply to business accounts? Do we have to give the hold while the customer is there or can we mail it later? These questions will all be addressed in this informative and easy to follow webinar for the frontline. We will also take a look at the changes that are proposed--new disclosure format and new teller hold notices.

Covered Topics

Purpose of the regulation
What is a transaction account?
Availability schedules
Business versus banking days, transaction accounts and more definitions • How to count days and place holds
Next day items versus other checks
Case by case holds
Exception holds
Hold notices and how to complete
New accounts exception
Common errors on holds

Faculty

Deborah Crawford

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience..