C.F.R. » Title 12 » CHAPTER II—FEDERAL RESERVE SYSTEM › SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM › PART 229—AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC) › Subpart C—Collection of Checks

12 C.F.R. § 229.30

Electronic checks and electronic information

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(a) Checks under this subpart. Electronic checks and electronic returned checks are subject to this subpart as if they were checks or returned checks, except where “paper check” or “paper returned check” is specified. For the purposes of this subpart, the term “check” or “returned check” as used in Subpart A includes “electronic check” or “electronic returned check,” except where “paper check” or “paper returned check” is specified.

(b) Writings. If a bank is required to provide information in writing under this subpart, the bank may satisfy that requirement by providing the information electronically if the receiving bank agrees to receive that information electronically.

[82 FR 27579, June 15, 2017]
Notes of Decisions
Cited in 16 cases (1 in the last 5 years), 1994–2022 · leading case: Farm Credit Services of America v. American State Bank
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Farm Credit Services of America v. American State Bank (2003) ca8 · cites it 7× “12 C.F.R. § 229.30 (a)(1), (a)(l)(ii). The notice of nonpayment and the expeditious return of the item itself are two separate and independent requirements.”
Wells Fargo Bank, N.A. v. Citizens Bank of Texas, N.A. (2005) texapp · cites it 3× “To support this contention, Wells Fargo Texas cites 12 C.F.R. § 229.30 (c), which provides an automatic extension of the paying bank’s deadline for return or notice of non-payment “to the time of dispatch” if the return or notice is received by the next bank on the next banking…”
Nbt Bank, National Association v. First National Community Bank (2004) ca1 · cites it 2× “12 C.F.R. § 229.30 (a)(2)(iii). Subpart C of Regulation CC also contains its own liability standard and its own remedy provision for a failure to comply with its requirements: A bank shall exercise ordinary care and act in good faith in complying with the requirements of this…”
Chazen v. Centennial Bank (1998) calctapp “; 12 C.F.R. §§ 229.30 , 229.38 (1997).) Banks are strictly liable for the wrongful dishonor of checks.”
NBT Bank v. First National Community Bank (2003) pamd · cites it 2× “12 C.F.R. § 229.30 (a)(2)(iii). There are no comparable requirements for encoding routing numbers in the Pennsylvania U.”
Oak Brook Bank v. Northern Trust Company (2001) ca7 “” 12 C.F.R. § 229.30 (c)(1). It may seem odd that delay in returning the checks should make the payor bank have to pay them in a case such as this, *640 when it had notified the depositary bank that the cheeks had been drawn against insufficient funds in time for that bank to…”
United States v. Payment Processing Center, LLC (2006) paed “See 12 C.F.R. § 229.30 (a)(1). Similarly, the July 1, 2006 amendments to Regulation CC establish that the pre-amendment version of Regulation CC does not support Wachovia’s position.”
First Illinois Bank & Trust, an Illinois Banking Corporation v. Midwest Bank & Trust Company, an Illinois Banking Corpor (1994) ca1 “12 CFR §§ 229.30 (d), 229.33(b)(8). Pursuant to 12 CFR § 229.”
U.S. Bank National Ass'n. v. HMA, L.C. (2007) utah · cites it 2× “12 C.F.R. § 229.30 (c) (2001). As an even more generous alternative, regulation CC extends the midnight deadline beyond the next banking day to a paying bank using a "highly expeditious" means of transporting the check to the receiving bank.”
Decibel Credit Union v. Pueblo Bank & Trust Co. (2000) coloctapp “By reason of our disposition of the above issues, it is unnecessary to address Pueblo Bank’s contention that the presentment and transfer warranties are preempted by 12 C.F.R. § 229.30 . III. In support of the judgment, Decibel emphasizes the trial court’s determination that…”
Farm Credit Services v. American State Bank (2003) ca8 · cites it 5× “12 C.F.R. § 229.30 (a)(1), (a)(1)(ii). The notice of nonpayment and the expeditious return of the item itself are two separate and independent requirements.”
NBT Bank NA v. First Natl Comm Bank (2004) ca3 · cites it 3× “See 12 C.F.R. § 229.30 (a). 8 In sum, the Reserve Bank physically received the Disputed Check complete with the wrongly encoded strip prior to 11:59 p.”
Show all 16 citing cases →
— 12 C.F.R. § 229.30(c) — 1 case
U.S. Bank National Ass'n. v. HMA, L.C. (2007) utah “12 C.F.R. § 229.30 (c) (2001). As an even more generous alternative, regulation CC extends the midnight deadline beyond the next banking day to a paying bank using a "highly expeditious" means of transporting the check to the receiving bank.”
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