Regulation CC - CRCM Study Guide
2025/2026 Exam Questions Marking
Scheme New Update | A+ Rated
What is the purpose of Reg. CC? - 🧠ANSWER ✔✔Provide customers with
information for when their funds will be available at their bank.
What are the two types of holds under Reg. CC? - 🧠ANSWER ✔✔1 - Case-
by-Case hold
2- Exception hold
What are the two types of items under Reg. CC? - 🧠ANSWER ✔✔1 - "Next
Day" items
2 - "Local" items
True or False?
Reg. CC applies to personal checking accounts only. - 🧠ANSWER
✔✔False - Reg. CC applies to both business and personal account
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
, What accounts are covered under Reg. CC? - 🧠ANSWER ✔✔DDA & NOW
What is a business day under Reg. CC? - 🧠ANSWER ✔✔All calendar days
except Saturdays, Sundays, and the 10 designated federal holidays.
When does a business day start under Reg. CC? - 🧠ANSWER ✔✔The later
of 9:00 a.m. or when the bank is available or withdrawals (including ATMs)
Names the items that must be available next day if deposited in person to
an employee of the bank.? - 🧠ANSWER ✔✔-Cash
-Electronic
-U.S. Postal Service money orders
-State and local government checks
-Cashier's, certified, and teller's checks
-Lesser of $200 or aggregate of all check not subject to next day availability
If an otherwise next-day item fails to meet the requirement for "in-person to
an employee of the bank", it will a 2nd day item in case of? - 🧠ANSWER
✔✔-US Treasury checks
-US Postal Service money orders
-Any item not presented over the counter
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
2025/2026 Exam Questions Marking
Scheme New Update | A+ Rated
What is the purpose of Reg. CC? - 🧠ANSWER ✔✔Provide customers with
information for when their funds will be available at their bank.
What are the two types of holds under Reg. CC? - 🧠ANSWER ✔✔1 - Case-
by-Case hold
2- Exception hold
What are the two types of items under Reg. CC? - 🧠ANSWER ✔✔1 - "Next
Day" items
2 - "Local" items
True or False?
Reg. CC applies to personal checking accounts only. - 🧠ANSWER
✔✔False - Reg. CC applies to both business and personal account
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
, What accounts are covered under Reg. CC? - 🧠ANSWER ✔✔DDA & NOW
What is a business day under Reg. CC? - 🧠ANSWER ✔✔All calendar days
except Saturdays, Sundays, and the 10 designated federal holidays.
When does a business day start under Reg. CC? - 🧠ANSWER ✔✔The later
of 9:00 a.m. or when the bank is available or withdrawals (including ATMs)
Names the items that must be available next day if deposited in person to
an employee of the bank.? - 🧠ANSWER ✔✔-Cash
-Electronic
-U.S. Postal Service money orders
-State and local government checks
-Cashier's, certified, and teller's checks
-Lesser of $200 or aggregate of all check not subject to next day availability
If an otherwise next-day item fails to meet the requirement for "in-person to
an employee of the bank", it will a 2nd day item in case of? - 🧠ANSWER
✔✔-US Treasury checks
-US Postal Service money orders
-Any item not presented over the counter
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
