Is it allowed under Reg CC/Expedited Funds Availability to place a large exception hold on a business/LLC account? I took it under Reg CC section 229.13 (g) (2) that for nonconsumer accounts you may? Can someone answer this please?
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Regulation CC applies to all transaction account deposits other than those to accounts owned by other banks. Paragraph 229.13(g)(2) only alludes to the special notice exceptions available for a nonconsumer account.
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John S. Burnett BankersOnline.com Fighting for Compliance since 1976 Bankers' Threads User #8