Recordkeeping and Disclosure Requirements Associated with Regulation CC

Regulation CC - Availability of Funds and Collection of Checks (12 CFR Part 229) requires banks to make funds deposited in transaction accounts available within specified time periods, disclose their funds availability policies to customers, begin accruing interest on such deposits promptly, and provide certain notices in connection with the nonpayment of certain checks. Regulation CC also requires banks to provide consumer awareness disclosures and other notices regarding substitute checks. Regulation CC includes model disclosure forms, clauses, notices, and commentary to ease compliance with these requirements. Regulation CC contains both recordkeeping and disclosure requirements. The Paperwork Reduction Act (PRA) classifies these recordkeeping and disclosure requirements as an information collection. Although Regulation CC applies to all banks, the Board accounts for only the burden imposed on the state member banks and uninsured state branches and agencies of foreign banks that it supervises.

The latest form for Recordkeeping and Disclosure Requirements Associated with Regulation CC expires 2028-12-31 and can be found here.

Disclosure Bank burden Section 229.10(c)(3) Special deposit slip

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight