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Part II: Ongoing Responsibilities
A Financial Institution's Right of Setoff
The Legal Right of Setoff Absent of any Contractual Agreement
Part II: Ongoing Responsibilities
Backup Withholding on Interest-Bearing Accounts
Reg CC: Ongoing Responsibilities Toward the Account Holder (Funds Availability)
Reg CC: Check Return Procedures
State Funds Availability Laws and Federal Preemption Issues
Electronic Fund Transfer Act and Regulation E
The Bank Secrecy Act and Related Requirements
Federal Financial Privacy Laws
Deposit Account Insurance Coverage
Advertising Deposit Account
Early-withdrawal Penalties on Time Deposits
A Financial Institution's Right of Setoff
Introduction: A Financial Institution's Right of Setoff
The Legal Right of Setoff Absent of any Contractual Agreement
Limitations on the Right of Setoff
Competition from Third Parties or the Priority of Your Right of Setoff as Against Claims of Third Parties to the Deposit Account
Notice to the Depositor
Consequences of Wrongful Setoff
Contractual Provisions to Enhance Your Right of Setoff
Conclusion: A Financial Institution's Right of Setoff
Stop-payment Orders
The Legal Right of Setoff Absent of any Contractual Agreement