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#2212143 - 04/25/19 06:27 PM Redeposited Items / US Treasury / US Postal Money
Likes to Comply Offline
Diamond Poster
Joined: Nov 2008
Posts: 1,060
In the mountains
Some Reg CC reference guides I've come across have Redeposited Items hold as not applicable to US Treasury Checks and US Postal Money Orders. I don't see where they are excluded from this exception hold. Is the NA really because if one of those are returned, it is going to be for a reason that can be fixed, like endorsement, or it will be returned as because it is fraudulent? I would expect they would never be returned NSF and therefore wouldn't be redeposited by the customer in an effort to collect. Does anyone know if that is the reasoning or am I missing something vital in the reg about this type of hold?

Thanks in advance.
Always learning something new...

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Operations Compliance
#2212481 - 04/30/19 06:32 PM Re: Redeposited Items / US Treasury / US Postal Money Likes to Comply
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,684
Cape Cod
That is precisely the reason. Those checks are never returned NSF. So they won't ever meet the requirements for a Redeposited Item hold.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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