12 USC Ch. 41: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 41-EXPEDITED FUNDS AVAILABILITY
CHAPTER 41-EXPEDITED FUNDS AVAILABILITY
Sec.
4001.
Definitions.
4002.
Expedited funds availability schedules.
(a)
Next business day availability for certain deposits.
(b)
Permanent schedule.
(c)
Temporary schedule.
(d)
Time period adjustments.
(e)
Deposits at ATM.
(f)
Check return; notice of nonpayment.
4003.
Safeguard exceptions.
(a)
New accounts.
(b)
Large or redeposited checks; repeated overdrafts.
(c)
Reasonable cause exception.
(d)
Emergency conditions.
(e)
Prevention of fraud losses.
(f)
Notice of exception; availability within reasonable time.
4004.
Disclosure of funds availability policies.
(a)
Notice for new accounts.
(b)
Preprinted deposit slips.
(c)
Mailing of notice.
(d)
Posting of notice.
(e)
Notice of interest payment policy.
(f)
Model disclosure forms.
4005.
Payment of interest.
(a)
In general.
(b)
Special rule for credit unions.
(c)
Exception for checks returned unpaid.
4006.
Miscellaneous provisions.
(a)
After-hours deposits.
(b)
Availability at start of business day.
(c)
Effect on policies of depository institutions.
(d)
Prohibition on freezing certain funds in an account.
(e)
Employee training on and compliance with requirements of this chapter.
4007.
Effect on State law.
(a)
In general.
(b)
Override on certain State laws.
4008.
Regulations and reports by Board.
(a)
In general.
(b)
Regulations relating to improvement of check processing system.
(c)
Regulatory responsibility of Board for payment system.
(d)
Reports.
(e)
Consultation.
(f)
Electronic clearinghouse study.
4009.
Administrative enforcement.
(a)
Administrative enforcement.
(b)
Additional powers.
(c)
Enforcement by Board.
(d)
Procedural rules.
4010.
Civil liability.
(a)
Civil liability.
(b)
Class action awards.
(c)
Bona fide errors.
(d)
Jurisdiction.
(e)
Reliance on Board rulings.
(f)
Authority to establish rules regarding losses and liability among depository institutions.