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Reg CC Placing Hold on Cashiers Check over $5000

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Can a financial institution place a hold on a Cashiers Check exceeding $5000 as long as the first 5k is made available?

Yes. Cashier's checks and other "next day" checks can be held under the "large deposit" provision of Regulation CC's 229.13(b).

First published on 6/11/12

First published on 06/11/2012

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Filed under compliance as: 

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