My question is with regard to check holds placed on redeposited checks. My Compliance Officer insists that when I place a hold it must be dated from the original date of deposit. If a check was originally deposited on the 9th of the month and comes back to us on the 13th, I feel the hold should be placed the day of the redeposit, and not on the 9th. It seems like we could get stuck since some time has elapsed. Help.

See the Commentary Reg CC 229.13(c) last paragraph "to determine when funds must be made available for withdrawal, the banking day on which the check is redeposited is considered to be the day of deposit. Hope this helps.

Does it make a difference if the hold is placed because of being notified that a check is coming back? Would you go from the date of deposit then?

KK,
No, it does not make a difference. Reg CC always calculates the hold period from the banking day of deposit.

Readers: Please note, I am not disagreeing with ComplyLady. Platform Queen is asking about a redeposited check. KK is asking about a different exception hold, reasonable cause to doubt collectibility.