[Code of Federal Regulations]

[Title 12, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR229.42]



[Page 566]

 

                       TITLE 12--BANKS AND BANKING

 

                   CHAPTER II--FEDERAL RESERVE SYSTEM

 

PART 229_AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC)

--Table of Contents

 

                     Subpart C_Collection of Checks

 

Sec. 229.42  Exclusions.



    The expeditious-return (Sec. Sec. 229.30(a) and 229.31(a)), notice-

of-nonpayment (Sec. 229.33), and same-day settlement (Sec. 229.36(f)) 

requirements of this subpart do not apply to a check drawn upon the 

United States Treasury, to a U.S. Postal Service money order, or to a 

check drawn on a state or a unit of general local government that is not 

payable through or at a bank.



[Reg. CC, 62 FR 13810, Mar. 24, 1997]