Southeast Regional Center for Financial Training, Inc.                   

AIB Expedited Funds Availability Act - Regulation CC

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Expedited Funds Availability Act (Regulation CC) introduces students to key components of the Expedited Funds Availability Act (Regulation CC). Students will gain general knowledge of availability schedules used on transaction account deposits and the general conditions when EFAA allows holds to be extended. Students will also learn some of the basic requirements created by the Federal Reserve Board as part of EFAA for paying and returning checks.

Any employee who accepts checks for deposit into transaction accounts.

Learning Objectives

After completing this course, students will be able to:

• Differentiate between next day, 2nd day, and 5th day availability schedules
• Explain the conditions allowed by Regulation CC for extended holds
• Describe general disclosure information required for all financial institutions
• Recognize proper placement of endorsements
• Describe the key rules for returning checks

Enrollment Form

Download and print an enrollment form from here, complete and fax to 904-354-1834.