Expedited Funds Availability Act

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VI. Deposits EFA. Expedited Funds Availability Act under the regulation Introduction Appendix D Indorsement, reconversion, and truncation requirements in connection with Regulation CC (12 CFR 229), as amended, implements two substitute checks laws the Expedited Funds Availability Act (EFA Act), which Appendix E Commentary was enacted in August 1987 and became effective in September 1988, and the Check Clearing for the 21st Century Appendix F Official Federal Reserve Board Act (Check 21), which was enacted in October 2003 and ( Board ) Interpretations; Preemption became effective on October 28, 2004. The regulation sets Determinations forth the requirements that depositary institutions ( banks ).

the Federal Deposit Insurance Act (12 USC 1818 . et seq.) and through the Federal Credit Union Act (12 USC 1751 . et seq.). In addition, a supervisory agency may enforce compliance through any other authority conferred on it by law. The Board is responsible for enforcing the requirements of Regulation CC

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