An Overview of the Reasonable Cause to Doubt Collectibility Hold Reason Often times, there isn’t a pattern or practices as to why these violations occur - other than a lack of training - though I have noticed a trend of violations relating to one specific special exception hold reason: The reasonable cause to doubt collectibility. These violations result from a number of things, such as incorrectly calculating the amount of a hold or incorrectly choosing the wrong date to make funds available. For help ensuring a smooth transition and preparing your bank to meet other emerging challenges, contact the knowledgeable advisors at Mauldin & Jenkins.In auditing check holds over the years, I have often found violations of of Regulation CC. However, it is imperative for banks, credit unions and other depository institutions to take a proactive stance in preparing for compliance with all expedited funds availability and other provisions in Regulation CC. ![]()
0 Comments
Leave a Reply. |