CRCM Regulation CC Study Guide Verified Questions And Answers
3 views 0 purchase
Course
Crcm
Institution
Crcm
CRCM Regulation CC Study Guide Verified Questions And Answers
What is the purpose of Reg. CC? ANS Provide customers with information for when their funds will be available at their bank.
What are the two types of holds under Reg. CC? ANS 1 - Case-by-Case hold
2- Exception hold
What are th...
CRCM Regulation CC Study Guide Verified
Questions And Answers
What is the purpose of Reg. CC? ANS Provide customers with information for when their funds will be
available at their bank.
What are the two types of holds under Reg. CC? ANS 1 - Case-by-Case hold
2- Exception hold
What are the two types of items under Reg. CC? ANS 1 - "Next Day" items
2 - "Local" items
True or False?
Reg. CC applies to personal checking accounts only. ANS False - Reg. CC applies to both business and
personal account
What accounts are covered under Reg. CC? ANS DDA & NOW
What is a business day under Reg. CC? ANS All calendar days except Saturdays, Sundays, and the 10
designated federal holidays.
When does a business day start under Reg. CC? ANS The later of 9:00 a.m. or when the bank is available
or withdrawals (including ATMs)
Names the items that must be available next day if deposited in person to an employee of the bank.? ANS -
Cash
-Electronic
-U.S. Postal Service money orders
-State and local government checks
-Cashier's, certified, and teller's checks
-Lesser of $200 or aggregate of all check not subject to next day availability
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nipsey. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
