§ 229.18. Additional disclosure requirements.
228 words·~1 min read·
/us/cfr/t12/s§ 229.18·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Deposit slips. A bank shall include on all preprinted deposit slips furnished to its customers a notice that deposits may not be available for immediate withdrawal.
(b)Locations where employees accept consumer deposits. A bank shall post in a conspicuous place in each location where its employees receive deposits to consumer accounts a notice that sets forth the time periods applicable to the availability of funds deposited in a consumer account.
(c)Automated teller machines.
(1)A depositary bank shall post or provide a notice at each ATM location that funds deposited in the ATM may not be available for immediate withdrawal.
(2)A depositary bank that operates an off-premises ATM from which deposits are removed not more than two times each week, as described in § 229.19(a)(4), shall disclose at or on the ATM the days on which deposits made at the ATM will be considered received.
(d)Upon request. A bank shall provide to any person, upon oral or written request, a notice containing the applicable specific availability policy disclosure described in § 229.l6.
(e)Changes in policy. A bank shall send a notice to holders of consumer accounts at least 30 days before implementing a change to the bank's availability policy regarding such accounts, except that a change that expedites the availability of funds may be disclosed not later than 30 days after implementation.
Connections10 cite this
Cited by 10 sections · top 2
Citation graph
cites case law
§ 229.18
Additional disclosure requirements.
Fed. Reg.×10
Cites 0Cited by 10 across 1 source