Sec. 606. PAYMENT OF INTEREST
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## SEC. 606 PAYMENT OF INTEREST **[**[12 U.S.C. 4005](/us/usc/t12/s4005)**]** ###
(a)In General Except as provided in subsection
(b)or
(c)and notwithstanding any other provision of law, interest shall accrue on funds deposited in an interest-bearing account at a depository institution beginning not later than the business day on which the depository institution receives provisional credit for such funds. ###
(b)Special Rule for Credit Unions Subsection
(a)shall not apply to an account at a depository institution described in section 19(b)(1)(A)(iv) of the Federal Reserve Act if the depository institution— ####
(1)begins the accrual of interest or dividends at a later date than the date described in subsection
(a)with respect to all funds, including cash, deposited in such account; and ####
(2)provides notice of the interest payment policy in the manner required under section 605(e). ###
(c)Exception for Checks Returned Unpaid No provision of this title shall be construed as requiring the payment of interest or dividends on funds deposited by a check which is returned unpaid.
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Sec. 606
PAYMENT OF INTEREST
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