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Mobile deposits and Reg CC

Have mobile deposits become subject to Regulation CC yet?.

Regulation CC still doesn’t control when you make funds from mobile deposits available. The last change affecting mobile-deposited checks created an indemnity by a depositary bank with a mobile deposit in favor of a depositary bank with a deposit of the original paper check when the paper check is returned unpaid because the check was paid in its mobile deposit form. That change was effective 7/1/2018. When mobile-deposited checks will become subject to the funds availability rules in Reg CC is unknown.
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First published on 11/24/2019

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