Posted By: Favre Fan
REG CC Amendment Changes - 03/10/10 03:51 PM
If a NEW customer deposits a check that is now in the "other check" (the new local/nonlocal combo) category, what is the maximum number of days a hold can be placed on that item? In the past we would have placed a 10 day hold but I am uncertain now with the new amedment. I have seen some examples with 9 days and some with even 11. Also, What is the maximum number of days ANY type of item can be held under the new amendment rules(excluding emergency condition reasons)?
I love this website!!! What a great tool for bankers. :-)
I love this website!!! What a great tool for bankers. :-)