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Code · Connecticut · Title 36a — The Banking Law of Connecticut · CHAPTER 665a — Deposits

Sec. 36a-302. (Formerly Sec. 36-9v). Applicability of federal Expedited Funds Availability Act to banks and credit unions.

98 words·~1 min read·/ct/title-36a/chapter-665a-deposits/36a-302·

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Each bank, Connecticut credit union and federal credit union shall comply with the applicable provisions of the Expedited Funds Availability Act, 12 USC 4001 et seq. and regulations now and hereafter adopted thereunder, except that for the purposes of this section, the term “account” as defined in Section 229.2 of Regulation CC (12 CFR Part 229) includes savings accounts but does not include:
(1)Accounts where funds deposited in such accounts are payable on a specified date or at the expiration of a specified time after the date of deposit; or
(2)savings accounts opened or funded electronically.
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