There is a reference to the cutoff hour in the model disclosures under Regulation CC. But I could not find the corresponding requirement in the regulation or commentary. In the model, the customer is told if you get your deposit to us before [time] we consider it received that day; if you get it to us after [time], we consider it received on the next business day.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
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