The Expedited Funds Availability Act (EFA or EFAA) was enacted in 1987 by the
United States ... The law is codified in Title 12, Chapter 41 of the US Code and
Title 12, Part 229 of the Code of Feder...
I know that it's not a real clearing - i.e. if the check happens to be bad (never
happened to me, but so I heard) it can come back a long time after ...
Oct 17, 2013 ... The EFAA also gave the Board the authority to regulate the nation's check-
clearing system more generally. Pursuant to this authority, the Board ...
Apr 25, 2016 ... The Check Clearing for the 21st Century Act (Check 21) is a federal law that is
designed to enable banks to handle more checks electronically, ...
Mar 6, 1988 ... They asked the buyer of the co-op to furnish a certified check at the first ... area,
the holding time is extended to three business days for commercial ... which has
issued proposed regulations to put the new law into effect, says it ...
The checks you write might be "clearing" - the money is being taken out of your ...
A federal rule governs the maximum time your bank can wait before making ... A
new federal law known as the "Check 21 Act" makes it easier for banks to create
Waiting for a deposited check to clear in your bank account might be frustrating.
... The time of day you deposited the check into the ATM will influence the .... an
account does not "feel" like something our government would put in as a Law.
Apr 1, 2015 ... How fast will that check clear? ... your account and it would be available
immediately, and other times it would take a few days to clear. ... The law broke
banks down into geographic zones, providing different holding periods ...
The time it takes a deposited check to clear depends on the policies of the
particular bank an individual is using. Each bank operates by its own rules,
The time it takes for a check to clear depends on the nature of the deposit and the
underlying bank's policies. When banks process checks, the funds are taken ...