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#2238538 - 06/24/20 12:36 AM Can Someone Double Check Me (Reg CC)?
80's Lady Offline
Gold Star
Joined: Apr 2007
Posts: 295
Working on some training aids for the upcoming July 1 Reg CC changes. I think I have this right, but my brain is a little fried, so I am hoping someone will run the scenario and see if they agree (we are a next day availability bank):

$15,000 check deposited on Monday, July 6th (not a next day item)
$225 is available next day
$5,300 case-by-case hold placed (two days, available Wednesday, July 8th )
$9,475 large item exception hold placed (7 days, available Wednesday, July 15th)
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I use to think I was a smart cookie before I started working in Compliance. Now, I have mastered the art of the blank stare!

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#2238542 - 06/24/20 11:14 AM Re: Can Someone Double Check Me (Reg CC)? 80's Lady
Adam Witmer Offline
Power Poster
Joined: Sep 2010
Posts: 2,583
Looks good to me.
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Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
www.compliancecohort.com

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#2238568 - 06/24/20 03:30 PM Re: Can Someone Double Check Me (Reg CC)? 80's Lady
80's Lady Offline
Gold Star
Joined: Apr 2007
Posts: 295
Thank you, Adam!
_________________________
I use to think I was a smart cookie before I started working in Compliance. Now, I have mastered the art of the blank stare!

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