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#1659065 - 02/01/12 04:13 PM Reg CC holds/savings accounts
mll Offline
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Joined: May 2010
Posts: 131
I understand Reg CC is not applicable to savings accounts, but we do place holds. My question is, if we place holds, are we required to provide notification of the holds and when funds will be avaialable?

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#1659134 - 02/01/12 05:32 PM Re: Reg CC holds/savings accounts mll
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 84,332
Galveston, TX
Only if required by State law.
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#1659147 - 02/01/12 05:25 PM Re: Reg CC holds/savings accounts mll
mll Offline
100 Club
Joined: May 2010
Posts: 131
Thank you-

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#1662331 - 02/08/12 09:10 PM Re: Reg CC holds/savings accounts mll
WHAT ?!?! Offline
Member
WHAT ?!?!
Joined: Dec 2006
Posts: 67
Would we just need to make the funds available within the same timeframes specified in the reg?

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#1662358 - 02/08/12 09:52 PM Re: Reg CC holds/savings accounts mll
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,840
Illinois
Since Reg CC does not apply to savings accounts (unless your state law or funds availability policy says that it does) you can choose to make funds available whenever you choose. There is no time requirement.
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