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Reg CC and Consumer Remote Deposit Capture Items

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Question: 
How quickly do we need to give customers access to funds represented by remote deposit capture items. In other words, does Reg CC apply to consumer remote deposit capture items?
Answer: 

According to the Federal Reserve, Reg CC does not apply to remote deposit capture items without regard as to whether the items are deposited by a consumer or a business entity.

Archive of Risk Management Questions

First published on BankersOnline.com 11/17/08

First published on 11/17/2008

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