Expedited Funds Availability Act — Reg CC

Expedited Funds Availability Act (Regulation CC)


Price: $95 members; $130 non-members

Member Online Enrollment | Non-Member Online Enrollment
This course is also available at discounted prices under an annual license.  Call or email for details.
Re-versioned: Sept. 2013
Course Description:  Expedited Funds Availability Act (Reg CC) introduces the key components of the Act. This course explores the availability schedules used on transaction account deposits and the general conditions when Regulation CC allows holds to be extended. The course has been updated to reflect the July 21, 2011 anticipated changes due to the Dodd-Frank Act.  This course also explains some of the basic requirements created by the Federal Reserve Board as part of EFAA for paying and returning checks. Changes to check processing as a result of Check 21 are covered including a description of substitute checks. Timing for disclosures required for new accounts, extended holds, and other key disclosures are discussed. 
Audience: Tellers, new account representatives, branch managers, and any staff members who work with checks and new accounts (NOTE: Reg CC training is mandatory for all affected bank personnel.)
Learning Objectives:  After completing this course, students will be able to:
  • Differentiate between next day, 2nd day, and extended hold availability schedules
  • Explain and share the primary benefits of Check 21 
  • Describe general disclosure information required for all financial institutions
  • Describe the key rules for returning checks
Credit: ICB: 1.75 CFSSP, CRCM
The Nebraska Bankers Association is a Local ABA Training Provider.
For More Information Contact:

Joanne Smith
Education and Member Information Coordinator

Nebraska Bankers Association / 233 South 13th Street, Suite 700 / PO Box 80008 / Lincoln, NE 68501-0008