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Availability of Funds and Collection of Checks

Fed · final-rule · Published 2018-09-17 · Effective 2019-01-01 · 83 FR 46849

Document

Document number
2018-20029
Federal Register citation
83 FR 46849
CFR reference
12 CFR 229
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2018-09-17
Effective date
2019-01-01
Docket
Regulation CC

Abstract

The Board is publishing a final rule that amends Subpart C of Regulation CC to address situations where there is a dispute as to whether a check has been altered or was issued with an unauthorized signature, and the original paper check is not available for inspection. This rule adopts a presumption of alteration for disputes between banks over whether a substitute check or electronic check contains an alteration or is derived from an original check that was issued with an unauthorized signature of the drawer.

Source

Authoritative
Federal Register document
Machine
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