Regulation CC
Last Updated 10/2025
English
Export to your LMS
Full Lifetime Access
Finish in
28 min! Run Time
28 min! Run Time
Made for for
Employees
only
Employees
only
Certificate
of Completion
of Completion
What you'll learn
Regulation CC: 01 Expedited Funds Availability Act Basics
Regulation CC: 02 Expedited Funds Availability Act Exception Holds
Regulation CC: 03 Expedited Funds Availability Act Check 21
Skills covered in this course
Description
Before 1987, many banks held deposits for as long as they wanted before crediting customers' accounts. Public concern led Congress to pass the Expedited Funds Availability Act (EFAA). This first course covers the basics.
What this course covers:
- Why the Expedited Funds Availability Act was passed
- How Regulation CC limits deposit hold periods
- Which institutions the act applies to, including banks, savings institutions, and credit unions
- The foundation for the rest of the Regulation CC series
Ideal for banking staff who need a clear starting point on funds availability rules.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Making the Workplace Safer and Smarter
HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.
HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.
Regulation CC
Regulation CC: 01 Expedited Funds Availability Act Basics
Before 1987, back when paper checks were still a thing, MTV still aired music videos, and big hair was a MUST, many banks were holding deposits basically for as long as they wanted, before crediting consumers' accounts. "Gimme my money!" Am I right? Due to obvious public concern, congress passed the Expedited Funds Availability Act, or EFAA. The act limits the fund holding periods for all U.S. banks, savings institutions, and credit unions. This act led to many banking changes, which we'll get to throughout this series, but in this first course, we'll talk about the basics of the EFAA.
Regulation CC: 02 Expedited Funds Availability Act Exception Holds
The Expedited Funds Availability Act sets funding timelines for deposited checks, but Regulation CC allows important exceptions to those rules.
What this course covers:
- How the Expedited Funds Availability Act governs check funding times
- The exceptions to Regulation CC funds availability requirements
- When an institution may place an exception hold
- How exception holds affect customers
Designed for deposit and operations staff who apply funds availability rules.
Regulation CC: 03 Expedited Funds Availability Act Check 21
Effective in October 2004, the Check Clearing for the 21st Century Act, known as Check 21, is covered under Subpart D of Regulation CC.
What this course covers:
- What Check 21 is and why it was enacted
- How the substitute check works as a negotiable instrument
- The legal framework that authorizes substitute checks
- How substitute checks replace original paper checks
Useful for banking staff who process checks and manage funds availability.
Frequently Asked Questions
This course is designed for employees who need to complete Regulation CC training
Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.
The course takes approximately 28 minutes to complete and can be paused and resumed at any time.
Yes. Learners receive a downloadable certificate upon successful completion, which can be used for compliance records and audits.
Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.
Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).
Yes. The course is fully self-paced and available 24/7.
Yes. This course includes a knowledge check to reinforce learning and verify completion.
Learners have lifetime access from the date of purchase.
Yes. A preview is available so you can review the course format and content before purchasing.
Yes. Content is reviewed and updated as regulations and best practices change.
Yes. This course is available for free with an active Prime Subscription.
Yes. Refund requests can be submitted within 30 days of purchase.
