Regulation CC Final and Proposed Rule Summary

Updated 07/26/2017

This Final and Proposed Rule Summary encompasses the changes to Regulation C Subparts A, C and D. Important takeaways include: 1) adding definitions of Electronic Check and Electronically created item; 2) expedited return times of 2 pm on the second business day; 3) adding specific warranties and indemnities for electronic items including remotely created items; 4) increase in the large item notice threshold from $2,500 to $5,000; and 5) adding sections specific only to "paper checks." The propose rule relates to alterations and forgeries of substitute checks.

Members Can Download This Tool

Login to Download

Forgot password?


Not Yet a Member?

Our members enjoy:

The comfort of knowing our regulatory guidance hotline – by chat, phone and email – is available from anywhere, on any device. 

Saving hours each month on research time and form-building; and in some cases, the budget of additional staff.

The support and reassessment needed when institutional goals or the regulatory environment change.

Being provided with a sounding board for risk modelling and decisions that comes from experienced experts

The knowledge that C/A was created and owned by 30 State Bankers Association to provide bank compliance services to their membership organizations.

Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our demo/tour.

Become a Member