Law enacted by Congress in 1987 to regulate holding periods for checking accounts. The Act stipulates the number of days that funds from a check deposit can be withheld from being transferred or withdrawn. The period varies depending on the check amount and the location of the originating bank. Also called Regulation CC.
Related information about Expedited Funds Availability Act (EFAA):
- Expedited Funds Availability Act - Wikipedia, the free encyclopedia
The Expedited Funds Availability Act (EFA or EFAA) was enacted in 1987 by the United States Congress for the purpose of standardizing hold periods on ...
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Oct 4, 2011 ... The Expedited Funds Availability Act (EFAA), enacted in 1987, addresses the issue of delayed availability of funds by banks. The EFAA ...
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The Expedited Funds Availability Act (EFAA) was implemented to regulate the hold periods on deposits made to commercial banks. Enacted by U.S. Congress in ...
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Samples in periodicals archive: 10) Check 21 has its roots in the Expedited Funds Availability Act (EFAA) enacted on August 10, 1987. Eliminating the paper: the ...
- Expedited Funds Availability Act: Definition from Answers.com
The Expedited Funds Availability Act (EFAA) was implemented to regulate the hold periods on deposits made to commercial banks. Enacted by U.S. Congress in ...
- What is Expedited Funds Availability Act (EFAA)? definition and ...
Definition of Expedited Funds Availability Act (EFAA): Law enacted by Congress in 1987 to regulate holding periods for checking accounts. The Act stipulates the ...
- Expedited Funds Availability Act: Was it Worth the Cost? - The ...
Dec 1, 1989 ... Reg CC, implemented in September 1988, was written by the Fed as ordered by the Expedited Funds Availability Act (EFAA) of 1987. Congress ...
- Expedited Funds Availability Act
Aug 9, 2012 ... This chapter discusses the Expedited Funds Availability Act (E.F.A.A.). It covers its purpose, which is to make funds available to depository ...