Accredited ACH Professional (AAP) Practice Exam

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Prepare for the Accredited ACH Professional (AAP) Exam with tailored questions and study materials to enhance your understanding of ACH transactions and operations. Test your skills and readiness for this important certification!

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What does the term 'Reg CC' primarily govern?

ACH transactions
Check funds availability
Credit card payments
Wire transfers

The correct answer is: Check funds availability

The term 'Reg CC' primarily governs check funds availability, which refers to the regulations that dictate when a financial institution must make deposited funds available for withdrawal. This regulation, established under the Expedited Funds Availability Act, aims to provide a framework for the timely availability of check funds, helping consumers understand when they can access the deposited money. Reg CC establishes deadlines for when checks must be made available for withdrawal based on factors such as whether the check is local or non-local, and it outlines the practices banks must follow in handling and processing check deposits. By clarifying these time frames, Reg CC helps ensure transparency and predictability for both depositors and financial institutions.