The Federal Reserve will handle encoding errors brought to their attention within six months of the cash letter date. After that, the reconciliation is "bank to bank" and must take place within one year of the cash letter date. Where is it written that a bank has one year to initiate a bank to bank adjustment of the cash letter date?
How long does a depository bank have to reject a return of a stolen/counterfeit check? The payor bank had a late return of a counterfeit check; check paid 02/28/12 and returned as counterfeit 03/05/2012. What is the time frame? 24 hrs?
Can you send a US Treasury check for collections?
What is the time frame that a paying bank has to dispute a Remotely Created Check for reason of 'unauthorized'? The Reserve Bank accepts returns within 90 days of the original cash letter date.
We processed a late return item and I wanted to know how long does the other institution have to dispute the late return?
How many withdrawals are allowed by federal regulations for a money market account? Also, what type of withdrawals does this include?
A check was returned as "NSF" and the check was then redeposited as an "ACH". The bank returned the original check again and the ACH. The bank is now sitting on both credits. What can the bank do to correct this?
I once read something that stated the Equal Housing Lender logo (EHL) should be displayed anywhere a home loan application is received. Should a national bank have the EHL logo displayed on each loan officer/customer service desk where home loan applications are received or is the lobby poster sufficient?
Can a hold be placed on a postal money order?
Our website lists Equal Housing Lender (no house) and Equal Opportunity Lender. I advised that we just needed Equal Housing using the logo not the words and drop the other. I was told that a consultant said both were required. I find nothing to support that. We are a state chartered Fed member bank. What is correct?