Skip to content

Sec. 229.60 - Variation by agreement.


Any provision of § 229.55 may be varied by agreement of the banks involved. No other provision of this subpart may be varied by agreement by any person or persons.

Official Interpretation

XXXVII. Variation by Agreement

Section 229.60 provides that banks involved in an interbank expedited recredit claim under §229.55 may vary the terms of that section by agreement, but otherwise no person may vary the terms of subpart D by agreement. A bank's decision to provide more generous protections for consumers than this subpart requires, such as by providing consumers additional time to submit expedited claims under §229.54 under non-exigent circumstances, would not be a variation prohibited by §229.60.

Banker Tools View All

A collection of useful resources for various areas of the bank which have been developed by members of the BankersOnline staff or have been created and contributed by users of the BankersOnline site.

Banker Tools

Penalties View All

Search Regulations

View Regulations

CFPB Letter Classification

FRB Letter Classification