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#2026882 - 07/13/15 09:02 PM Reg CC
Banker Kathy Offline
100 Club
Joined: Apr 2010
Posts: 103
We place holds according to Reg CC uniformly on all our savings and checking and business accounts. I know that Reg. CC is for consumer transaction accounts. Does it matter that we also hold checks on savings and business accounts? If we place an extend hold on the savings and business accounts do we still need to fill out an extended hold form?

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#2026931 - 07/14/15 01:16 PM Re: Reg CC Banker Kathy
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Where did you get the idea that Regulation CC doesn't apply to business transaction accounts? It applies to all transaction accounts, and some states (such as mine, Massachusetts) extend its scope to include savings accounts and MMDAs.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#2027115 - 07/14/15 08:52 PM Re: Reg CC John Burnett
Banker Kathy Offline
100 Club
Joined: Apr 2010
Posts: 103
OOPS you are correct about Business Transaction Accounts.

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