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#2184236 - 07/05/18 10:01 PM Reg CC hold-date range
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
We have an instance of multiple days of mobile deposited checks into an account. We have reason to believe that these checks are not good. Can we use one hold from with the date range, or should we do a hold form for each day?
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#2184246 - 07/06/18 08:34 AM Re: Reg CC hold-date range Bec
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,633
Galveston, TX
Mobile deposits are not subject to Reg CC unless you have made them so. If you have, then your notice has to comply with:

(i) The notice shall include the following information--

(A) A number or code, which need not exceed four digits, that identifies the customer’s account.

(B) The date of the deposit;

(C) The amount of the deposit that is being delayed;

(D) The reason the exception was invoked; and

(E) The time period within which the funds will be available for withdrawal.
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#2184271 - 07/06/18 01:03 PM Re: Reg CC hold-date range Bec
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Thank you for the information!
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#2184582 - 07/09/18 07:03 PM Re: Reg CC hold-date range Bec
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Quick follow up, Reg CC doesn't cover mobile deposits even with the new rule changes? I wasn't thinking about it at the time, but doesn't Reg CC now cover image of original checks?
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#2184586 - 07/09/18 07:13 PM Re: Reg CC hold-date range Bec
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,318
Illinois
No changes to Subpart B regarding availability of checks.

These changes are to the Subparts regarding check collection and warranty claims.

Or as I said in a conference while wearing a brown cloak and waiving my hand at the audience..."These aren't the Reg CC changes you're looking for...."
Last edited by BrianC; 07/09/18 09:12 PM. Reason: Spelling
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#2184588 - 07/09/18 07:17 PM Re: Reg CC hold-date range Bec
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
LOL, too funny. I love that line. Thanks for your speedy answer.
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#2184623 - 07/09/18 08:13 PM Re: Reg CC hold-date range Bec
P*Q Offline

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Joined: May 2001
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Somewhere
Brian, that just made me laugh out loud!

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