Definitions for "Regulation CC"
The regulation by the Federal Reserve Bank to implement the law, which mandates the time limits for funds availability on, deposited items.
a regulation by the Federal Reserve Board regarding check collection and availability of funds
The regulation, all amendments thereto and official interpretations thereof (12 C.F.R. part 229) promulgated by the Board of Governors of the Federal Reserve System implementing Title VI of the Expedited Funds Availability Act (12 U.S.C. ยง 4001 et. seq.).