Disclosure Requirements Associated with Regulation CC

Regulation CC - Availability of Funds and Collection of Checks (12 CFR 229) requires banks to make funds deposited in transaction accounts available within specified time periods, disclose their availability policies to customers, and begin accruing interest on such deposits promptly. The disclosures are intended to alert customers that their ability to use deposited funds may be delayed, prevent unintentional (and potentially costly) overdrafts, and allow customers to compare the policies of different banks before deciding at which bank to deposit funds. Regulation CC also requires notice to the depositary bank and to a customer of nonpayment of a check. Model disclosure forms, clauses, and notices are appended to the regulation to ease compliance.

The latest form for Disclosure Requirements Associated with Regulation CC expires 2022-12-31 and can be found here.

Disclosure Sections 229.16 and 229.17 Bank burden - Specific availability policy disclosure and initial disclosures

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight