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#1904948 - 03/13/14 03:18 PM Multiple Deposits-multiple or single CChold notice
Compliance504 Offline
Platinum Poster
Joined: Dec 2008
Posts: 729
Tennessee
If multiple deposits are made to an account with checks totaling over $5,000 (1,000,000 in the case I'm reviewing), can all deposits be included on one hold notice....or does each deposit require its own notice?

I'm thinking one notice is ok but need confirmation, I don't see rules for notices for multiple deposits spelled out in the reg anywhere....

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Deposits and Payments
#1904974 - 03/13/14 03:40 PM Re: Multiple Deposits-multiple or single CChold notice Compliance504
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
It is per customer not per deposit or account.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1904978 - 03/13/14 03:42 PM Re: Multiple Deposits-multiple or single CChold notice Compliance504
Compliance504 Offline
Platinum Poster
Joined: Dec 2008
Posts: 729
Tennessee
Thanks so much.....

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