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Reg CC Subpart C

This course covers Regulation CC Subpart C, which sets forth rules concerning the following aspects of check collection and return: 

  • Expeditious return of checks
  • Responsibilities of depositary banks, paying banks, and returning banks
  • Paying bank notification of nonpayment of large-dollar returns
  • Check indorsement standards
  • Other matters related to the check collection system
Note: Regulation CC is covered in more detail in ABA's Frontline Compliance course, Expedited Funds Availability Act.

Created: June 2019

What You'll Learn

After completing this course, students will be able to:

  • Describe Explain the various responsibilities of banks in the check collection chain for returning checks, including the requirement to return checks in an expeditious manner
  • Describe the warranties, indemnities and potential liabilities for various banks in the check collection process, including when a bank customer deposits a paper check after having deposited it using remote deposit capture (e.g. by mobile phone)
  • Describe the Regulation CC indorsement requirements

Audience

Tellers, new account representatives, branch managers, and any staff members who work with checks and new accounts.

​Course Credits

ABA Professional Certifications: 1.0 CAFP, CFSSP, CRCM


​​​Questions? Please contact training@aba.com for more information.​
 

 Purchase

 

Free Frontline Compliance Training
Course available to ABA Member banks at no cost under a license agreement. Learn more

 

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