12 C.F.R. §229.2 - Definitions
| Cite as | 12 C.F.R. §229.2 |
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31 cases
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State v. Pricewaterhousecoopers, A095918.
...be able to pick up ORTC's check on 23 Cal.Rptr.3d 577 the date of disbursement and cash it that day at ORTC's depository bank. (See 12 C.F.R. § 229.2(d) [defining "available for withdrawal" with respect to funds deposited in an account as including available "for payment of checks drawn on ......
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In re Aphton Corp., Bankruptcy No. 06-10510(CSS).
...means through Fedwire, the Clearing House Interbank Payments System, other similar network, between banks, or on the books of a bank. 12 C.F.R. § 229.2(II). See also Loranger Mfg. Corp. v. PNC Bank (In re Loranger Mfg. Corp.), 324 B.R. 575, 585 (Bankr.W.D.Pa. 2005). Wire transfers are essen......
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United States v. Teman, 19-CR-696 (PAE)
...and (2) that, when authorized by the accountholder, the law permits RCCs to be created and used. See Trial Tr. at 229–30; see also 12 C.F.R. § 229.2(fff) ("Remotely created check means a check that is not created by the paying bank and that does not bear a signature applied, or purported to......
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FIRST NAT. BANK IN HARVEY v. Colonial Bank, 92 C 1679.
...to the owner, to the sender, to a prior collecting bank, or to the depositary bank's customer with respect to a check as defined in 12 CFR 229.2(k). A Reserve Bank shall not have or assume any liability with respect to an item or its proceeds except for the Reserve Bank's own lack of good f......
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4 firm's commentaries
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The Check Book -- A Guide for Check Disputes -- May 2012
...the item). If the Bank “wrongfully” refuses to pay the item, it 393 UCC § 3411. 394 UCC § 3310. 395 UCC § 3312. 396 UCC § 3104(h) 397 12 CFR § 229.2(gg). -116-could be liable for consequential damages that far exceed the amount of the item.398 • Unless otherwise agreed, if taken for an obli......
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The Check Guide - April 2010
...regular checks. • The owner of the instrument becomes a “depositor” for FDIC insurance purposes upon its issuance. 367 UCC § 3104(h) 368 12 CFR § 229.2(gg). 369 UCC § 3411. 370 UCC § 3310. 371 UCC § 3312 -113-B. Counterfeits. A bank that pays a counterfeit check which appears to have been i......
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Disclosure Requirements for Consumer and Business Deposit Accounts, as recently republished by the Consumer Financial Protection Bureau
...accounts,” which, for the purpose of the Check 21 Act, means “any account used primarily for personal, family, or household purposes.” (12 C.F.R. 229.2). More Broadly Required Disclosures In contrast to the disclosures described above, disclosures by financial institutions under the Electro......
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Current Developments in Bank Deposits and Payment Systems
...pt. 210) [hereinafter Reg- ulation J Final Amendments]. 21. See Bank Deposits 2017, supra note 1, at 456. 22. See id. 23. See id. 24. 12 C.F.R. § 229.2(hhh) 25. Id. § 229.34(g). 510 The Business Lawyer; Vol. 74, Spring 2019 In the proposed amendments to Regulation J, however, the FRB noted ......
2 books & journal articles
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GSB Vol. 8, No. 2 - #1. The Law of Check Clearing: A Primer on the Midnight Deadline Rule in Georgia.
...an Intermediary Bank as "a bank to which an item is transferred in course of collection except the depositary or payor bank"). See also 12 C.F.R. 229.2(e)(7) (2002) ("the term bank also includes - a Federal Reserve Bank"). See, e.g., Oak Brook Bank v. Northern Trust Co., 2000 WL 294081 (N.D......
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61 J. Kan. Bar Assn. July, 26 (1992). CHANGES IN CHECK COLLECTION AND ACCESS TO FUNDS: REGULATION CC AND REVISED UCC ARITCLE 4.
...A "paying bank" essentially is the bank by, at, or through which a check is payable and to which it is sent for payment or collection. 12 C.F.R. § 229.2(z). A "returning bank" is a bank other than a depository or paying bank that handles a returned check. 12 C.F.R. § 229.2(cc). See infra no......