12 CFR 229.34 - Warranties

Cite as12 CFR 229.34
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12 practice notes
  • Telemarketing Sales Rule
    • United States
    • Federal Register December 14, 2015
    • December 14, 2015
    ...\193\ ABA at 8. \194\ Id. at 9 (``Amendments to Regulation CC in 2006 in 12 CFR 229.34(d) require the bank of first deposit to warrant that the customer whose account is being debited . . . authorized the RCC payment. The effect is to permit bank customers to dispute such transactions and t......
  • Telemarketing Sales Rule
    • United States
    • Federal Register July 09, 2013
    • July 9, 2013
    ...--------------------------------------------------------------------------- \53\ Remotely created checks are subject to Regulation CC, 12 CFR 229.34, which provides for special transfer and presentment warranties between banks. These interbank warranties ``shift liability for the loss creat......
  • 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
    ...First National's amended complaint against Colonial alleges breach of warranty under Regulation CC for the late return of the checks. 12 C.F.R. § 229.34. Count II against the Reserve Bank alleges breach of warranty under Regulations CC and J for accepting the late return. 12 C.F.R. § 210.6.......
  • Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through Fedwire
    • United States
    • Federal Register March 15, 2018
    • March 15, 2018
    ...J by reference would include these ECI indemnities. --------------------------------------------------------------------------- \10\ 12 CFR 229.34(g) provides that ``each bank that transfers or presents an electronically-created item and receives a settlement or other consideration for it s......
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6 cases
  • 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
    ...First National's amended complaint against Colonial alleges breach of warranty under Regulation CC for the late return of the checks. 12 C.F.R. § 229.34. Count II against the Reserve Bank alleges breach of warranty under Regulations CC and J for accepting the late return. 12 C.F.R. § 210.6.......
  • Provident Sav. Bank, F.S.B. v. Focus Bank, No. 1:19-CV-151 RLW
    • United States
    • United States District Courts. 8th Circuit. United States District Court (Eastern District of Missouri)
    • July 12, 2021
    ...against Focus Bank for strict liability under § 400.4-302 of the Missouri Uniform Commercial Code (Count I); breach of warranty under 12 C.F.R. § 229.34(d)(1) (Regulation CC) (Count II); and common law negligence (Count III). Provident moves for summary judgment on the strict liability clai......
  • First Fin. Bank, N.A. v. Citibank, N.A., CAUSE NO. 1:11-cv-226-WTL-DML
    • United States
    • United States District Courts. 7th Circuit. United States District Court (Southern District of Indiana)
    • July 27, 2012
    ...Complaint. Specifically, while First Financial asserts three counts against Citibank in its Complaint-breach of warranty under 12 C.F.R. § 229.34(a)(1), breach of warranty under 12 C.F.R. § 229.34(b)(1), and breach of warranty under 12 C.F.R. §Page 5229.34(c)(3)-in the instant motion First ......
  • Provident Sav. Bank, F.S.B. v. Focus Bank, No. 1:19-CV-151 RLW
    • United States
    • United States District Courts. 8th Circuit. United States District Court (Eastern District of Missouri)
    • July 12, 2021
    ...against Focus Bank for strict liability under § 400.4-302 of the Missouri Uniform Commercial Code (Count I); breach of warranty under 12 C.F.R. § 229.34(d)(1) (Regulation CC) (Count II); and common law negligence (Count III). Provident moves for summary judgment on the strict liability clai......
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1 books & journal articles

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