12 CFR 229.2 - Definitions

Cite as12 CFR 229.2
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57 practice notes
  • Telemarketing Sales Rule
    • United States
    • Federal Register December 14, 2015
    • December 14, 2015
    ...the amount of the check from the depositary bank, provided that the appropriate agreements between the banks are in place. See, e.g., 12 CFR 229.2(xx), comment 1, example (b) (stating that an adjustment request is not a paper or electronic representation of a substitute check, because it is......
  • Motor carrier safety standards: Household goods transportation; consumer protection regulations,
    • United States
    • Federal Register June 11, 2003
    • June 11, 2003
    ...[[Page 35092]] Cashier's check means a check that has all four of the following characteristics: (1) Drawn on a bank as defined in 12 CFR 229.2. (2) Signed by an officer or employee of the bank on behalf of the bank as (3) A direct obligation of the bank. (4) Provided to a customer of the b......
  • Payday, Vehicle Title, and Certain High-Cost Installment Loans
    • United States
    • Federal Register July 22, 2016
    • July 22, 2016
    ...the check clearing system. Given that the check is created by the lender, it does not bear the consumer's signature. See Regulation CC, 12 CFR 229.2(fff) (defining remotely created check); Telemarketing Sales Rule, 16 CFR 310(cc) (defining ``remotely created payment order'' as a payment ins......
  • Payday, Vehicle Title, and Certain High-Cost Installment Loans
    • United States
    • Federal Register November 17, 2017
    • November 17, 2017
    ...the check clearing system. Given that the check is created by the lender, it does not bear the consumer's signature. See Regulation CC, 12 CFR 229.2(fff) (defining remotely created check); Telemarketing Sales Rule, 16 CFR 310.2(cc) (defining ``remotely created payment order'' as a payment i......
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31 cases
  • State v. Pricewaterhousecoopers, No. A095918.
    • United States
    • California Court of Appeals
    • January 20, 2005
    ...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 ......
  • United States v. Teman, 19-CR-696 (PAE)
    • United States
    • United States District Courts. 2nd Circuit. United States District Courts. 2nd Circuit. Southern District of New York
    • June 5, 2020
    ...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......
  • In re Aphton Corp., Bankruptcy No. 06-10510(CSS).
    • United States
    • U.S. Bankruptcy Court — District of Delaware
    • January 27, 2010
    ...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......
  • FIRST NAT. BANK IN HARVEY v. Colonial Bank, No. 92 C 1679.
    • United States
    • United States District Courts. 7th Circuit. United States District Court (Northern District of Illinois)
    • July 7, 1995
    ...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
  • The Check Guide - April 2010
    • United States
    • JD Supra United States
    • April 12, 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......
  • The Check Book -- A Guide for Check Disputes -- May 2012
    • United States
    • JD Supra United States
    • June 4, 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......
  • Disclosure Requirements for Consumer and Business Deposit Accounts, as recently republished by the Consumer Financial Protection Bureau
    • United States
    • LexBlog United States
    • January 19, 2012
    ...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......
  • Current Developments in Bank Deposits and Payment Systems
    • United States
    • JD Supra United States
    • June 10, 2019
    ...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 ......
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