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Reg CC-Minimum for Large Dollar Return Notice

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Question: 
Has the minimum for a large dollar return notice been raised from $2,500 to $5,000?
Answer: 

The trigger amount for the Notice of of Nonpayment required by Regulation CC section 229.31(c) was increased to $5,000 effective July 1, 2018. Note that the requirement was moved as part of the reorganization of portions of subpart C of the regulation.

First published on 04/07/2019

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