Hold that check! But why and how long? Regulation CC hold requirements were supposed to get easier when every check was deemed “local,” but examiners are still finding weaknesses and violations in processes and forms. This webinar will explain hold requirements, describe an easy-to-implement monitoring and review process, and dissect the required funds availability policy. Reg CC holds are an important way to protect your institution. This webinar will provide the tools and resources to place holds with confidence – and fulfill the annual Reg CC training requirement!
- Examples of when to use the case-by-case and six exception holds
- Procedures to evaluate the accuracy of the hold on the notice and in the system
- Components of required consumer notices
- Substitute check disclosures, provisions, and warranties
- Overview of updates to Subpart B (as available)
- Auditing Reg CC processes before your next examination
- TAKE-AWAY TOOLKIT
- Easy-to-use, color-coded chart to determine the appropriate hold period
- Checklist to review hold accuracy
- Sample substitute check claim form
- Scenarios with answers for staff training
- Sample Reg CC policy
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for the frontline, new account personnel, deposit operations staff, auditors, and compliance officers.
SPEAKER: Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has 17 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, and coordinated internal and external audits and exams.