C.F.R. » Title 12 » CHAPTER II—FEDERAL RESERVE SYSTEM › SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM › PART 210—COLLECTION OF CHECKS AND OTHER ITEMS BY FEDERAL RESERVE BANKS AND FUNDS TRANSFERS THROUGH THE FEDWIRE FUNDS SERVICE AND THE FEDNOW SERVICE (REGULATION J) › Subpart A—Collection of Checks and Other Items By Federal Reserve Banks

12 C.F.R. § 210.14

Extension of time limits

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If a bank (including a Reserve Bank) or nonbank payor is delayed in acting on an item beyond applicable time limits because of interruption of communication or computer facilities, suspension of payments by a bank or nonbank payor, war, emergency conditions, failure of equipment, or other circumstances beyond its control, its time for acting is extended for the time necessary to complete the action, if it exercises such diligence as the circumstances require.

[Reg. J, 59 FR 22967, May 4, 1994]
Notes of Decisions
Cited in 1 case, 1973–1973 · leading case: Port City State Bank v. Am. Nat'l Bank, Lawton, Oklahoma, 486 F.2d 196 (10th Cir. 1973).
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Port City State Bank v. Am. Nat'l Bank, Lawton, Oklahoma, 486 F.2d 196 (10th Cir. 1973). · cites it 4× “Following a trial without a jury, the United States District Court for the Western District of Oklahoma ruled that the failure to notify of dishonor prior to the deadline was excused in this ease by Regulation J of the Federal Reserve Regulations, 12 C.F.R. 210.14, and 12A…”
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